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Calculus1 9 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.

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