Ask your own question, for FREE!
Calculus1 8 Online
OpenStudy (anonymous):

find the present value of the deposit in order to have $9000 at 10% compounded monthly for 4 years

OpenStudy (ivettef365):

just enter information will calculate

OpenStudy (whpalmer4):

If you want to figure it out on your own, the formula is \[FV = PV(1+\frac{r}{N})^{Nt}\] where FV is future value, PV is present value, \(r\) is the annual interest rate expressed as a decimal, \(N\) is the number of compounding periods per year, and \(t\) is the number of years.

Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!
Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!