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    dtcawa's Avatar
    dtcawa Posts: 1, Reputation: 1
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    #1

    Mar 21, 2010, 03:21 PM
    $7,000.00 in 5 years at an annual discount rate of 6%
    $7,000.00 in 5 years at an annual discount rate of 6% =
    ROLCAM's Avatar
    ROLCAM Posts: 1,420, Reputation: 23
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    #2

    Mar 21, 2010, 05:10 PM
    1 7,000,000.00 6,580,000.00
    2 6,580,000.00 6,185,200.00
    3 6,185,200.00 5,814,088.00
    4 5,814,088.00 5,465,242.72
    5 5,465,242.72 5,137,328.16
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #3

    Mar 26, 2010, 07:45 PM

    Another useful post showing exactly how you came up with your numbers...

    dtcawa, could you please copy that problem exactly as it is stated?
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