Finite Math Examples

Find the Present Value f=2000 , r=1% , t=3
, ,
Step 1
Present value is the value on a given date of a future payment or series of future payments, discounted to reflect the time value of money and other factors such as investment risk.
Step 2
Substitute the values into the formula.
Step 3
Simplify the right side.
Tap for more steps...
Step 3.1
Simplify .
Tap for more steps...
Step 3.1.1
Simplify the denominator.
Tap for more steps...
Step 3.1.1.1
Convert to a decimal.
Step 3.1.1.2
Add and .
Step 3.1.1.3
Raise to the power of .
Step 3.1.2
Divide by .