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

question 110

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. ​
$18,000 after 10 years at 11.25%
​

• A)$5,457.03
• B)$12,542.97
• C)$6,198.3
• D)$7,671.36
• E)$11,801.7

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