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Earn +20 ptsQ: How do you solve a position to term rule using algebra?
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How do you solve Napier's rules?
By using The Napier's rule
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Solve using the rule of 72 rate equals 4 percent years equals 18 fv equals 8000 solve for pv?
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
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