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Solve using the rule of 72 rate equals 4 percent years equals 18 fv equals 8000 solve for pv?
Wiki User
∙ 11y ago
Solve, using the Rule of 72 rate = 4%, years = 18, fv=$8,000. Solve for PV.
Formula:
PV = $1/(1+r) t
PV = $8000/(1+.04) 18
PV = $8000/2.0258
3949.03 = $8000/2.20258
Wiki User
∙ 11y ago
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