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Find the present value of the future amount of $12,000 for 10 months; money earns 3%. Assume 365 days in a year. Round your answer to the nearest cent.

Question

Find the present value of the future amount of $12,000 for 10 months; money earns 3%. Assume 365 days in a year. Round your answer to the nearest cent.

 

check_circleAnswer
Step 1

To calculate the amount to be invested which wojuld result in the desired amount under the given conditions

Step 2

This formula expresses the present val...

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Math

Calculus

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