(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?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 68SE: An investment account with an annual interest rateof 7 was opened with an initial deposit of 4,000...
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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 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?
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 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?
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