Use the present value formula to determine the amount to be invested now, or the present value needed.

1 answer:

rjkz [21]2 years ago

8 0

Answer:

Present value is $29,086.21.

Step-by-step explanation:

$PV =\frac{40000}{(1+\frac{0.029}{12} )^{11*12} }=29,086.21$

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