Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

(5) The present value that will give a future value S in 4 years with interest compounded annually varies inversely as the fourth power of

image text in transcribed

(5) The present value that will give a future value S in 4 years with interest compounded annually varies inversely as the fourth power of 1 + r, where r is the annual interest rate. If the present value of $1525.79 gives a future value of $2000, what would be the present value of $10,000 in the future

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Internal Control And Internal Audit In Non Profit Organizations A Practical Model

Authors: Kamal Bayramov

1st Edition

6203464015, 978-6203464016

More Books

Students also viewed these Accounting questions