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

(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

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 Accounting Questions!