Find the present value PV of the given investment (in dollars). (Round your answer to the nearest cent.)PV = $An investment earns 6% per year and is worth $50,000 after 3 years.

To find the present value (PV) of an investment that grows to a future value (FV) with a given…

Answered: Find the present value PV of the given…

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.) PV = $ An investment earns 6% per year and is worth $50,000 after 3 years.