Find the present value of the given future amount. Assume 360 days in a year. $102,565 for 224 days at 7.4% simple interest. What is the present value? 2$ (Round to the nearest dollar as needed.)

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter10: Sequences, Series, And Probability
Section10.3: Geometric Sequences
Problem 80E
icon
Related questions
Question
Find the present value of the given future amount. Assume 360 days in a year.
$102,565 for 224 days at 7.4% simple interest.
What is the present value?
2$
(Round to the nearest dollar as needed.)
Help me solve this
View an example
Get more help -
ASsests
Transcribed Image Text:Find the present value of the given future amount. Assume 360 days in a year. $102,565 for 224 days at 7.4% simple interest. What is the present value? 2$ (Round to the nearest dollar as needed.) Help me solve this View an example Get more help - ASsests
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 1 images

Blurred answer