4. Calculate the present value of the investment described in the table. Compounding Rate of Compound Interest per Year 5.6% Period annually a. $2107.25 b. $5128.21 Time 3 years c. d. $6793.57 $9420.67 Future Value $8000
4. Calculate the present value of the investment described in the table. Compounding Rate of Compound Interest per Year 5.6% Period annually a. $2107.25 b. $5128.21 Time 3 years c. d. $6793.57 $9420.67 Future Value $8000
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Transcribed Image Text:4. Calculate the present value of the investment described in the table.
Rate of Compound
Interest per Year
5.6%
a. $2107.25
b. $5128.21
Compounding
Period
annually
Time
3 years
c.
d.
$6793.57
$9420.67
Future Value
$8000
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