Question: 4. Future Value=20,000, Present Value=1000, interest=4%, Compoundings p.y =365, solve for Time. a) 27337.55 b) 74.89 c).7489 d) 12.09

 4. Future Value=20,000, Present Value=1000, interest=4%, Compoundings p.y =365, solve for

4. Future Value=20,000, Present Value=1000, interest=4%, Compoundings p.y =365, solve for Time. a) 27337.55 b) 74.89 c).7489 d) 12.09

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!