Find the principal needed now to get the given amount; that is, find the present value. To get $100 after 4 years at 10% compounded monthly. The present value of $100 is ?

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asked Sep 7, 2023 45.4k views

1 vote

Find the principal needed now to get the given amount; that is, find the present value.

To get $100 after 4 years at 10% compounded monthly.
The present value of $100 is ?

Mathematics
high-school

DrWaky asked

by DrWaky

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6 votes

i believe the answer is either 40 or 250.

Glevine answered Sep 12, 2023

by Glevine

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