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Calculating Present Values: 13 years 9% interest rate $15,451 is the future value How do you calculate the present value:

Calculating Present Values:  


13 years

9% interest rate

$15,451 is the future value


How do you calculate the present value:


What is the formula and show me this one so I can see how it is done for other questions

Top Answer

Drawing from the Time Value Of Money Concept, the present value of a... View the full answer

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Other Answers

Pv= FV * 1/(1+r)^t r... View the full answer

3 comments
  • please show me step by step im stuck
    • gpicon1064
    • Apr 02, 2018 at 8:23pm
  • 1/(1+r)^t =PV factor of a single payment, you can use pv factor table to find the value
    • Whitswan
    • Apr 02, 2018 at 8:27pm
  • i am so lost
    • gpicon1064
    • Apr 02, 2018 at 8:31pm

Present value = Future value / (1+R)^n Given data: N = No.of years=... View the full answer

1 comment
  • please show me step by step I am stuck
    • gpicon1064
    • Apr 02, 2018 at 8:25pm

Here is a detailed explanation... View the full answer

n=13 years r=9% interest rate... View the full answer

The answer to this question... View the full answer

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