Find the present value of the investment. (Round your answer to the nearest cent.) worth $13,000 after 2.5 years at 5.25% simple annual interest

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 21E
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Find the present value of the investment. (Round your answer to the nearest cent.)
worth $13,000 after 2.5 years at 5.25% simple annual interest
Transcribed Image Text:Find the present value of the investment. (Round your answer to the nearest cent.) worth $13,000 after 2.5 years at 5.25% simple annual interest
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