Find the present value of $800,000 if interest is paid at a rate of 8.7% compounded monthly for 6 years. Please round to the nearest cent as needed.
A=P(1+r/n)^(nt) =>P=A/[ (1+r/n)^(nt) ] Here... View the full answer
- Thank you so kindly!
- Apr 02, 2018 at 10:54am
- welcome sir
- Apr 02, 2018 at 11:06am