Find the present value of $30,000 due in 4 years at the given rate of interest 6%/year compounded monthly.
A) The present value is $23,741.10.
B) The present value is $23,255.83.
C) The present value is $23,612.95.
D) The present value is $22,941.71.

Question

Find the present value of $30,000 due in 4 years at the given rate of interest 6%/year compounded monthly. ​
A) The present value is $23,741.10.
B) The present value is $23,255.83.
C) The present value is $23,612.95.
D) The present value is $22,941.71.

Quizplus · Accepted Answer

The Answer is C

Find the Present Value of $30,000 Due in 4 Years