Concept explainers
Present Value Present value is the amount of money that must be invested now at a given rate of interest to produce a given future value. For a one-year investment, the present value can be determined using
Where
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Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
- Algebra & Trigonometry with Analytic GeometryAlgebraISBN:9781133382119Author:SwokowskiPublisher:CengageAlgebra and Trigonometry (MindTap Course List)AlgebraISBN:9781305071742Author:James Stewart, Lothar Redlin, Saleem WatsonPublisher:Cengage LearningCollege AlgebraAlgebraISBN:9781305115545Author:James Stewart, Lothar Redlin, Saleem WatsonPublisher:Cengage Learning