Find the Present Value of $59,835 Due in 3 Year(s)

question 20

Short Answer

Find the present value of $59,835 due in 3 year(s) at an interest rate of 9% / year compounded continuously. Round your answer to the nearest dollar.
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$__________

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Definitions:

Cross-lagged

A study design often used in communication research to assess the direction and magnitude of relationships between variables at different points in time.

Double-barreled

Pertaining to questions or statements that address more than one issue at a time, often leading to confusion or muddled answers.

Double-negative

A grammatical construction that uses two negative forms to express a positive statement.

Negative Wording

Questions phrased using a negative rather than a positive (e.g., “don’t” rather than “do”).