Problem 56100. Compound Interest: Present Value

• Created by Mehmet OZC

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Theorem : Compound Interest

where,

• F : Future value at the end of n periods
• P : Present value
• r : Annual nominal rate
• n : Total number of compounding periods

Calculate P, given F, r and n. Round to the nearest cent.

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Solution Stats

94.23% Correct | 5.77% Incorrect

• 52 Solutions
• 49 Solvers

Last Solution submitted on Dec 10, 2024

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