4 + 62°F Partly cloudy Assign 1+2 Jan 25 ASSIGN 3 Febl Exam Feb 5 Feb 12-13 Mardie gras Exam 3 Feb. 29 Assign Mari Exam 4 Mar 14 2.2 Homework-Compound Interest - SUSLA - Spring 2024 Off-campus (SUSLA) - Finite Mathematics (SMAT-131S-400), Spring 2024 | WebAssign https://www.webassign.net/web/Student/Assignment-Responses/last?dep=34045309 A ม MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER Calculate the present value PV (in dollars) of an investment that will be worth $1,000 at the stated interest rate after the stated amount of time. (Round your answer to the nearest cent.) 6 years, depreciating 6% each year PV = $ × Need Help? Read It Watch It Submit Answer PREVIOUS ANSWERS 5. [1/1 Points] DETAILS MY NOTES ASK YOUR TEACHER 2 WANEFM7 2.2.018. PRACTICE ANOTHER O Find the effective annual interest rate r (as a percent) of the given nominal annual interest rate. Round your answer to the nearest 0.01%. 4% compounded monthly r = 4.07 % Need Help? Read It Watch It Q Search 4 7:58 PM 匠 3/11/2024

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