Present Value Calculator

This Demonstration calculates the amount of money that one would need to invest in order to obtain a desired amount of money in the future, given an annual interest rate, compounding period, and total time duration in years. The formula used is , where is present value, is future value, is the interest rate, and is the number of periods.

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DETAILS

John Webber, Math for Business and Life, South Jordan, UT: Olympus Publishing, 2009.
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