Find the present value of the given future amount. $98,000 for 5 months at 5% simple interest What is the present value? $ (Round to the nearest dollar as needed.)
Find the present value of the given future amount. $98,000 for 5 months at 5% 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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Transcribed Image Text:Find the present value of the given future amount.
$98,000 for 5 months at 5% simple interest
What is the present value?
$
(Round to the nearest dollar as needed.)
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