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If an Investment Has a Goal (Future Value) of $S

Question 110

Multiple Choice

If an investment has a goal (future value) of $S after n years, invested at interest rate i (as a decimal) , compounded annually, then the present value P that must be invested is given by If an investment has a goal (future value) of $S after n years, invested at interest rate i (as a decimal) , compounded annually, then the present value P that must be invested is given by . Find P for the given S, n, and i. Round your answer to two decimal places. ​ $18,000 after 10 years at 11.25% ​ A) $5,457.03 B) $12,542.97 C) $6,198.3 D) $7,671.36 E) $11,801.7 . Find P for the given S, n, and i. Round your answer to two decimal places. ​
$18,000 after 10 years at 11.25%
​


A) $5,457.03
B) $12,542.97
C) $6,198.3
D) $7,671.36
E) $11,801.7

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