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

Question 24

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. ​ $95,000 after 25 years at 8.5% ​ A) $12,358.91 B) $2,890.4 C) $13,409.42 D) $14,549.22 E) $10,309.82 . Find P for the given S, n, and i. Round your answer to two decimal places. ​
$95,000 after 25 years at 8.5%
​


A) $12,358.91
B) $2,890.4
C) $13,409.42
D) $14,549.22
E) $10,309.82

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