Question Description
The Present Value Formula is , where P is the present value that will amount to A dollars in n years at interest rate r compounded annually.
Using your assigned student number, use the assigned values for A, n and r in your assigned problem: my assigned number
Find the PRESENT VALUE (P). Round your answer at the very end. Ifyou round before you get to the final answer, there is a good chance youwill encounter a rounding error. Be sure to show all steps in yourwork and describe what your answer means.
Also find how much you would have to invest initially if you onlysave for half the number of years given in your problem. Post your Present Value on the discussion topic, “Week 5 Discussion.”
Show all steps used in finding the solution as well as a description of what the answer means.
My assigned number " A = 120,000, r = .07, n = 23"
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