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9078.83

At the end of the first year, 9078.83 @ 12% growth will become 10168.29

end of 2nd year, 10168.29 becomes 11388.48

end of 3rd year, 11388.48 becomes 12755.10

end of 4th year, 12755.10 becomes 14285.71

end of 5th year, 14285.71 becomes 16000 Of course, you can use 'present value' tables, which give a reasonably accurate approximation, but they lack the precision of the actual calculation. The figure can also be calculated by using logarithms. For present value tables. see Related links below this box

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16y ago

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Q: What is the present value of 16000 in 5 years at 12 percent?
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