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Solve, using the Rule of 72 rate = 4%, years = 18, fv=$8,000. Solve for PV.


PV = $1/(1+r) t

PV = $8000/(1+.04) 18

PV = $8000/2.0258

3949.03 = $8000/2.20258

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โˆ™ 2013-02-01 05:24:53
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Q: Solve using the rule of 72 rate equals 4 percent years equals 18 fv equals 8000 solve for pv?
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