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.

#### Top Answer

A=P(1+r/n)^(nt) =>P=A/[ (1+r/n)^(nt) ] Here... View the full answer

- Thank you so kindly!
- onowu
- Apr 02, 2018 at 10:54am

- welcome sir
- bharat777728
- Apr 02, 2018 at 11:06am