Find the present value of the given future amount. $57,000 for 21 months at 6% simple interest What is the present value? $] (Round to the nearest dollar as needed.)
Find the present value of the given future amount. $57,000 for 21 months at 6% simple interest What is the present value? $] (Round to the nearest dollar as needed.)
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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![Find the present value of the given future amount.
$57,000 for 21 months at 6% simple interest
What is the present value?
$]
(Round to the nearest dollar as needed.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb2e3a922-3670-4066-b419-36fa2543b328%2F872039f4-cea9-4090-bdda-c1dd58fd4267%2Fw63hyoq_processed.png&w=3840&q=75)
Transcribed Image Text:Find the present value of the given future amount.
$57,000 for 21 months at 6% simple interest
What is the present value?
$]
(Round to the nearest dollar as needed.)
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