mamatorres01 mamatorres01

25-06-2017
Mathematics

contestada

If the interest rate is 3% and a total of $4,370.91 will be paid to you at the end of 3 years, what is the present value of that sum?

Respuesta :

redhead7 redhead7

25-06-2017

You want to know the amount you started with so the formula is: Principal = Total ÷ (1 + Rate)^years Principal = 4,370.91 ÷ (1.03)^3 Principal = 4,370.91 ÷ 1.092727 Principal = $4,000.00

Answer Link

Otras preguntas

In the government of Wakanda there is King T’Challa who has a lot of power but answers to a tribal council. The king/government would be said to have a ________

The _____ stage of the commander's decision cycle is where the commander and staff make adjustments to the current plan or develop new plans with the purpose of

100 points, just handing out. FOR FWEE! Name all of the 12 Greek and roman gods

All of the following are basic needs of young children, except A. sleep. B. love. C. play. D. education.

A 5-year-old white male has an itchy lesion on his right foot. He often plays barefoot in a city park that is subject to frequent flooding. The lesion is locat

Where can information on metalworking occupations be found?

The point of a short story with the greatest emotional impact is known as _____.

The graph represents the volume of a cylinder with a hight equal to it's radius

what is the most important thing you need to know to solve a math problem? explain why you think this it is the most important

Which character is described in these lines? "Then came to the building the warrior marching, Bereft of his joyance" Warrior is not the answer! It is either Be