Find the present value of the given future amount. $83,000 for 20 months at 6% simple interest What is the present value? $4 (Round to the nearest dollar as needed.)

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 22E
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Find the present value of the given future amount.
$83,000 for 20 months at 6% simple interest
What is the present value?
(Round to the nearest dollar as needed.)
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Get mor
Help me solve this
Transcribed Image Text:Find the present value of the given future amount. $83,000 for 20 months at 6% simple interest What is the present value? (Round to the nearest dollar as needed.) View an example Get mor Help me solve this
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