Find the present value of the given future amount. $40,000 for 20 months at 8% simple interest What is the present value? (Round to the nearest dollar as needed.)

Advanced Engineering Mathematics
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ISBN:9780470458365
Author:Erwin Kreyszig
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Chapter2: Second-order Linear Odes
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Find the present value of the given future amount.
$40,000 for 20 months at 8% simple interest
What is the present value?
(Round to the nearest dollar as needed.)
Transcribed Image Text:Find the present value of the given future amount. $40,000 for 20 months at 8% simple interest What is the present value? (Round to the nearest dollar as needed.)
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