Find the best solutions to your questions at Westonci.ca, the premier Q&A platform with a community of knowledgeable experts. Explore in-depth answers to your questions from a knowledgeable community of experts across different fields. Explore comprehensive solutions to your questions from knowledgeable professionals across various fields on our platform.
Sagot :
Answer:
$98,089.74
Step-by-step explanation:
The computation of the invested amount i.e. present value is shown below:
As we know that
Present value = Future value ÷ (1 + rate of interest)^years
= $205,000 ÷ (1 + 0.053 ÷4)^4 × 14
= $205,000 ÷ (1.01325)^56
= $98,089.74
Thank you for your visit. We are dedicated to helping you find the information you need, whenever you need it. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Get the answers you need at Westonci.ca. Stay informed by returning for our latest expert advice.
