Problem 56100. Compound Interest: Present Value

Theorem : Compound Interest
where,
  • F : Future value at the end of n periods
  • P : Present value
  • r : Annual nominal rate
  • n : Total number of compounding periods
Calculate P, given F, r and n. Round to the nearest cent.
Solve

Solution Stats

93.62% Correct | 6.38% Incorrect
Last Solution submitted on Apr 25, 2024

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