Find the present value of the following future amount. $200,000 at 10% compounded quarterly for 15 years What is the present value? $ (Round to the appropriate cent.)
Find the present value of the following future amount. $200,000 at 10% compounded quarterly for 15 years What is the present value? $ (Round to the appropriate cent.)
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 5P
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![Find the present value of the following future amount.
$200,000 at 10% compounded quarterly for 15 years
What is the present value?
$
(Round to the appropriate cent.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F3ae0660d-5301-4b30-8361-0f1bb7fa4959%2F7c77a4b9-05fa-40b7-ab9b-a156f04e8174%2Fhxdwcsi_processed.png&w=3840&q=75)
Transcribed Image Text:Find the present value of the following future amount.
$200,000 at 10% compounded quarterly for 15 years
What is the present value?
$
(Round to the appropriate cent.)
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