Find present value if future value is $40,000, time is 7 years, rate of interest is 0.05

Personal Finance
13th Edition
ISBN:9781337669214
Author:GARMAN
Publisher:GARMAN
Chapter1: Understanding Personal Finance
Section1.4: Perform Time Value Of Money Calculations
Problem 3CC
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Find present value if future value is $40,000, time is 7 years, rate of interest is 0.05
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