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 $8,000 after 6 months. 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 $8,000 after 6 months. PV = $
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter7: Exponents And Exponential Functions
Section: Chapter Questions
Problem 34PT
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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 $8,000 after 6 months.
PV = $](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff3f2c1a5-32cb-431e-8c45-2cb1e77821bf%2F26e918e5-d446-4a81-9007-cceb51d1b5cc%2Friypov_processed.png&w=3840&q=75)
Transcribed Image Text: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 $8,000 after 6 months.
PV = $
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