Find the present value PV of the given investment (in dollars). (Round your answer to the nearest cent.) An investment earns 5% per year and is worth $2,000 after 7 months
Find the present value PV of the given investment (in dollars). (Round your answer to the nearest cent.) An investment earns 5% per year and is worth $2,000 after 7 months
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter10: Exponential And Logarithmic Functions
Section10.2: Applications Of Exponential Functions
Problem 25PS
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Find the present value PV of the given investment (in dollars). (Round your answer to the nearest cent.)
An investment earns 5% per year and is worth $2,000 after 7 months.
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