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Find the present value PV of the given future value. (Round your answer to the nearest cent.) Future value $8,300 at 9 1/2% simple interest for three years

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter1: Understanding Personal Finance

Section1.4: Perform Time Value Of Money Calculations

Problem 3CC

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Find the present value PV of the given future value. (Round your answer to the nearest cent.)

Future value $8,300 at 9 1/2% simple interest for three years

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