One Algebra question – The Present Value Formula

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. If you round before you get to the final answer, there is a good chance you will encounter a rounding error. Be sure to show all steps in your work and describe what your answer means.

Also find how much you would have to invest initially if you only save 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“