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

question 24

Multiple Choice

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. Round your answer to two decimal places. ​
$95,000 after 25 years at 8.5%
​

• A)$12,358.91
• B)$2,890.4
• C)$13,409.42
• D)$14,549.22
• E)$10,309.82

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