Find the present value of the following future amount. $2000 at 12% compounded annually for 25 years The present value is $ _____ (Round to the nearest cent as needed.)

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asked Oct 19, 2023 213k views

9 votes

Find the present value of the following future amount.

$2000 at 12% compounded annually for 25 years

The present value is $ _____

(Round to the nearest cent as needed.)

Mathematics
college

Kyleus asked

by Kyleus

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1 Answer

9 votes

Answer:

$ 39,576.93

Explanation:

Nikola Milutinovic answered Oct 25, 2023

by Nikola Milutinovic

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