Find the present value of an investment that is worth $12,000 after 5 years at 9% compounded monthly.

Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter2: Exponential, Logarithmic, And Trigonometric Functions
Section2.1: Exponential Functions
Problem 2YT
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Find the present value of an investment that is worth $12,000 after 5 years at 9% compounded monthly.

 

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