Question
I am trying to figure out the present value. Present value Years Interest rate Future value _______________ 13 7% $14,951 _______________ 413 $46,557 _______________ 2914$881,073
I am trying to figure out the present value.
Present value Years Interest rate Future value
_______________ 13 7% $14,951
_______________ 413 $46,557
_______________ 2914$881,073
_______________ 40 9$545,164
I know that the equation is 14951/(1.07)13
but I cannot g figure out what the (1.07)13 is please help me in detail
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College Mathematics For Business Economics, Life Sciences, And Social Sciences
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker
14th Edition
0134674146, 978-0134674148
