Welcome to Westonci.ca, your go-to destination for finding answers to all your questions. Join our expert community today! Discover solutions to your questions from experienced professionals across multiple fields on our comprehensive Q&A platform. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.
Sagot :
Answer:
$98,089.74
Step-by-step explanation:
The computation of the invested amount i.e. present value is shown below:
As we know that
Present value = Future value ÷ (1 + rate of interest)^years
= $205,000 ÷ (1 + 0.053 ÷4)^4 × 14
= $205,000 ÷ (1.01325)^56
= $98,089.74
We hope this was helpful. Please come back whenever you need more information or answers to your queries. Thank you for your visit. We're dedicated to helping you find the information you need, whenever you need it. Get the answers you need at Westonci.ca. Stay informed by returning for our latest expert advice.
