What present value amounts to $25,000 if it is invested for 20 years at 5% compounded annually? (Round your answer to the nearest cent.
What present value amounts to $25,000 if it is invested for 20 years at 5% compounded annually? (Round your answer to the nearest cent.
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 5P
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What present value amounts to $25,000 if it is invested for 20 years at 5% compounded annually? (Round your answer to the nearest cent.)
$
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