Essay
Find the present value of an investment at 3.25% annual simple interest which is worth $6,400 after 5 years. Round your answer to the nearest dollar.
$ __________
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q118: Given that <span class="ql-formula" data-value="F
Q119: My recent marketing idea, the Miracle Algae
Q120: A 6-year bond costs $9,000 and will
Q121: Determine the quarterly payment necessary to accumulate
Q122: Determine the periodic payment for a loan
Q124: The nominal rate exceeds the effective rate
Q125: You are offered three investments. What is
Q126: Determine the selling price, per $1,000 maturity
Q127: Find the present value of a decreasing
Q128: A 6-year bond costs $15,000 and will