Question: (5) The present value that will give a future value S in 4 years with interest compounded annually varies inversely as the fourth power of

(5) The present value that will give a future value S in 4 years with interest compounded annually varies inversely as the fourth power of 1 + r, where r is the annual interest rate. If the present value of $1525.79 gives a future value of $2000, what would be the present value of $10,000 in the future
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
