Finite Math Examples

Find the Present Value f=650 , r=4% , t=13
, ,
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.
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Step 3.1
Simplify .
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Step 3.1.1
Simplify the denominator.
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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 .