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According to Colonel Marcy what are two resources being used by these Native Americans?
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According to Colonel Marcy what are two resources being used by these Native Americans?

According to Colonel Marcy what are two resources being used by these Native Americans-example-1
User Ryoji
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1 Answer

22 votes
22 votes
Future value = FV = $6000

Time period = n = 8

interest rate = r = 12%

Present value (PV) is calculated using the formula:

PV = FV/(1+r)n

Present Value = PV = 6000/(1+12%)8 = 6000/1.128 = 2423.299368

Answer -> 2,423
User Abel Ayalew
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