Plug the given values into the compound-interest formula they gave you, and solve for the required value.golazin said:$8000 due in five years at 10% compounded monthly. What is the present value at this interest rate?
Not quite; 5000 should be 8000 (looks like a typo), and the 5 should be 60 :annuity_man said:PV= 5000/ (1+ .1/12)^5