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Find the present value of $80,000 due in 3 years at the given rate of interest. (Use a 365-day year. Round your answer to the nearest cent.) 2%/year compounded monthly

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Find the present value of $80,000 due in 3 years at the given rate of interest. (Use a 365-day year. Round your answer to the nearest cent.)
2%/year compounded monthly

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