Question

Find the present value PV of the given investment (in dollars). (Round your answer to the nearest cent.) An investment earns 6% per year and is worth $50,000 after 7 years. PV = $ 

          Find the present value PV of the given investment (in dollars).
(Round your answer to the nearest cent.)
An investment earns 6% per year and is worth $50,000 after 7
years.
PV = $

Added by Kyle G.

Precalculus with Limits
Precalculus with Limits
Ron Larson 2nd Edition
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Find the present value PV of the given investment (in dollars). (Round your answer to the nearest cent.) An investment earns 6% per year and is worth $50,000 after 7 years. PV = $
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Transcript

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00:01 So i want to find the present value if an investment earns 6 % interest and is worth $50 ,000 after seven years.
00:19 So simple interest formula, 50 ,000 is my accumulated amount, 0 .06 is my interest, and that's to the seventh power...
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