Find the present value PV of the given investment (in dollars). (Round your answer to the nearest cent.) An investment earns 6% per year and is worth $50,000 after 3 years. PV $41980.96 x =

On the day a grandchild is born, a grandparent deposits $2500 in a fund earning 7.5% interest, compounded continuously. Determine the balance in the account on the grandchild’s 25th birthday.

Megan invested $21,000 in a savings account. If the interest rate is 5%, how much will be in the account in 8 years by each method of compounding? a. compound quarterly b. compound monthly c. compound continuously.