Answer:
$13,300. 90847
Step-by-step explanation:
P = F (1 + i)^-n
P= $20,000 (1 + 0.085)^-5
P= $20,000 (1.085)^-5
P= $13,300.90847
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Answers & Comments
Answer:
$13,300. 90847
Step-by-step explanation:
P = F (1 + i)^-n
P= $20,000 (1 + 0.085)^-5
P= $20,000 (1.085)^-5
P= $13,300.90847