Find the present value PV of the given investment (in dollars). (Round your answer to the nearest cent.)An investment earns 4% per year and is worth $50,000 after 9 years.PV = $ 35129.36 X

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Answered: Find the present value PV of the given…

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter7: Exponents And Exponential Functions

Section: Chapter Questions

Problem 34PT

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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 4% per year and is worth $50,000 after 9 years.