Paitfahadviz
Answered

2. What formula will be used to find present value of simple interest?​

Sagot :

Lily3285viz

FV divided by 1+i

Hope this helped (:

Buttercupbaby79viz

Answer:

In order to find the PV, you must know the FV, i, and n. When considering a single-period investment, n is, by definition, one. That means that the PV is simply FV divided by 1+i. There is a cost to not having the money for one year, which is what the interest rate represents.

Step-by-step explanation:

I'm not really that "Smart" but at least I could help:)