Math, asked by susanstamang2044, 8 months ago

Example:Given an amount needed(future value) of $3300 in 4 years at an interest rate of 11% compounded anually,Find the present value and the amount of interest earned

A) 1126.19 B) 1237 C) 2863 D) 1892

Answers

Answered by sarvesh8045

0

Answer:

option (a) is correct 1126.19

Step-by-step explanation:

M=P(1+i)^n

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