Find the present value of the given future amount. $96,000 for 15 months at 6% simple interest What is the present value? $4 (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
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Find the present value of the given future amount.
$96,000 for 15 months at 6% simple interest
What is the present value?
$
(Round to the nearest dollar as needed.)
Transcribed Image Text:Find the present value of the given future amount. $96,000 for 15 months at 6% simple interest What is the present value? $ (Round to the nearest dollar as needed.)
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