If an investment has a goal (future value) of $S after n years, invested at interest rate i (as a decimal), compounded annually, then the present value P that must be invested is given by . Find P for the given S, n, and i. Round your answer to two decimal places.
$95,000 after 25 years at 8.5%

A)$12,358.91
B)$2,890.4
C)$13,409.42
D)$14,549.22
E)$10,309.82

Question

If an investment has a goal (future value) of $S after n years, invested at interest rate i (as a decimal), compounded annually, then the present value P that must be invested is given by  . Find P for the given S, n, and i. Round your answer to two decimal places. ​
$95,000 after 25 years at 8.5%
​
A)$12,358.91 
B)$2,890.4 
C)$13,409.42 
D)$14,549.22 
E)$10,309.82

Quizplus · Accepted Answer

The Answer of If an investment has a goal (future value) of $S after n years, invested at interest rate i (as a decimal), compounded annually, then the present value P that must be invested is given by  . Find P for the given S, n, and i. Round your answer to two decimal places. ​
$95,000 after 25 years at 8.5%
​
A)$12,358.91 
B)$2,890.4 
C)$13,409.42 
D)$14,549.22 
E)$10,309.82

If an Investment Has a Goal (Future Value) of $S