Question
Calculate the present value PV of an investment that will be worth $1,000 at the stated interest rate after the stated amount of time. HINT
Calculate the present value PV of an investment that will be worth $1,000 at the stated interest rate after the stated amount of time. HINT [See Quick Example 4.] (Round your answer to the nearest cent.)
7 years, at 3% per year, compounded annually
PV = $______
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Data Analysis And Decision Making
Authors: Christian Albright, Wayne Winston, Christopher Zappe
4th Edition
538476125, 978-0538476126
