menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Mathematics
  3. Study Set
    Essentials of College Algebra
  4. Exam
    Exam 5: Inverse, Exponential, and Logarithmic Functions
  5. Question
    Find the Present Value of the Future Value
Solved

Find the Present Value of the Future Value

Question 59

Question 59

Multiple Choice

Find the present value of the future value.
-$2000, invested for 9 years at 5% compounded monthly


A) $3088.69
B) $1276.45
C) $1321.45
D) $3133.69

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q54: A certain radioactive isotope decays at a

Q55: Round to the nearest thousandth.<br>- <span

Q56: Solve the equation and express the

Q57: Given <span class="ql-formula" data-value="\log _

Q58: Solve the equation and express the

Q60: Write an equivalent expression in exponential

Q61: Write an equivalent expression in exponential

Q62: Decide whether the given functions are inverses.<br>-<img

Q63: Find the future value.<br>-$5789 invested for 9

Q64: A population is increasing according to

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines