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3 years ago

1. Find the present value of an investment that is worth $19,513.75 after

Mathematics

1 answer:

AlladinOne [14]3 years ago

5 0

1) To get the present value, we need to get the amount after 5.5years

Amount = Principal + Interest

Interest = PRT/100

Interest = $19,513.75*3*5.5/100

Interest = 321,976.875/100

Interest = $3219.76875

Amount = $19,513.75+$3219.76875

Amount = 22,733.51875

Hence the present value is $22,733.51875

2) Simple Interest = PRT/100

Simple Interest = 5000*(4 3/4)* 18/12*100

Simple interest = 5 * 19 * 18/4*12

Simple interest = 1710/48

Simple interest =35.625

Amount = 5000 + 35.625

Amount = $5035.625

Hence the present value is $5035.625

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