(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?

Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter4: Exponential And Logarithmic Functions
Section4.CT: Chapter Test
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(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 ris 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?
Transcribed Image Text:(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 ris 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?
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