Yittel M.

asked • 07/08/22

algebra questions

The "Present Value" of a compound interest account is the amount of money you need to invest in the account today to accumulate A dollars. You can calculate Present Value by solving for P in the compound interest formula above. Calculate the Present Value (what you would need to invest) if you wanted to accumulate $10,000 by investing in an account for 8 years that pays 6% interest compounded monthly. Can you please show me 1 other Present Value problems for me to solve.


Mark M.

What is the compound interest formula that is provided above?
Report

07/08/22

1 Expert Answer

By:

Still looking for help? Get the right answer, fast.

Ask a question for free

Get a free answer to a quick problem.
Most questions answered within 4 hours.

OR

Find an Online Tutor Now

Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.