What present value amounts to $15,000 if it is invested for 20 years at 6% compounded annually? (Round your answer to the nearest cent.)

EBK CFIN
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ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter4: Time Value Of Money
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9.) What present value amounts to $15,000 if it is invested for 20 years at 6% compounded annually? (Round your answer to the nearest cent.) 

9.
DETAILS
HARMATHAP12 6.2.013.
What present value amounts to $15,000 if it is invested for 20 years at 6% compounded annually? (Round your answer to the nearest cent.)
$
Transcribed Image Text:9. DETAILS HARMATHAP12 6.2.013. What present value amounts to $15,000 if it is invested for 20 years at 6% compounded annually? (Round your answer to the nearest cent.) $
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