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. $80,000 after 20 years at 12.5%
A) $7586.47
B) $2750.62
C) $8534.77
D) $9601.62
E) $5536.70

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.  $80,000 after 20 years at 12.5%
A) $7586.47 
B) $2750.62 
C) $8534.77 
D) $9601.62 
E) $5536.70

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.  $80,000 after 20 years at 12.5%
A) $7586.47 
B) $2750.62 
C) $8534.77 
D) $9601.62 
E) $5536.70

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