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9966 [12]
3 years ago
10

The present value of $5,000 to be received in 4 years at a market rate of interest of 6% compounded annually is $3,636.30.

Mathematics
1 answer:
Volgvan3 years ago
5 0
The present value of the amount given can be found as follows;
A=p(1+r/100)^n
A=amount=$5000
p=principle=?
r=6%
n=4 years
thus to calculate for p we we substitute the values in our formula;
5000=p(1+6/100)^4
5000=p(1.06)^4
hence;
p=5000/(1.06)^4
p=3,960.50
The answer is false
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<h3>Further explanation</h3>

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<em>Let us tackle the problem!</em>

\texttt{ }

This problem is about Directly Proportional.

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<h3>Learn more</h3>
  • Infinite Number of Solutions : brainly.com/question/5450548
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<h3>Answer details</h3>

Grade: High School

Subject: Mathematics

Chapter: Linear Equations

Keywords: Linear , Equations , 1 , Variable , Line , Gradient , Point

7 0
3 years ago
Can somebody find the solution to this question
AleksAgata [21]
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2 years ago
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Answer:

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4 0
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8 0
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