Find the Present Value of $58,669 Due in 5 Year(s)

question 224

Short Answer

Find the present value of $58,669 due in 5 year(s) at an interest rate of 7% / year compounded continuously. Round your answer to the nearest dollar.
$__________

---

Definitions:

Observations

The individual data points or measured instances collected during a study or experiment.

Frequency Distribution

A mathematical function showing the number of instances in which a variable attains each of its possible values.

Relative Frequency Histogram

A type of histogram that displays the relative frequencies, or proportions, of data points within specified intervals.

Open-ended Classes

A teaching or learning style with no predetermined limits on the topics to be explored or the depth of inquiry.