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    Mathematics
  3. Study Set
    College Algebra and Trigonometry
  4. Exam
    Exam 4: Inverse, Exponential, and Logarithmic Functions
  5. Question
    Find the Present Value of the Future Value
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Find the Present Value of the Future Value

Question 416

Question 416

Multiple Choice

Find the present value of the future value.
-$10,000, invested for 5 years at 3% compounded quarterly


A) $8626.90
B) $11,611.84
C) $8611.90
D) $11,596.84

Correct Answer:

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