If an investment has a goal (future value) of $S after n years, invested at interest rate i (as a decimal), compounded annually, then the present value P that must be invested is given by . Find P for the given S, n, and i. Round your answer to two decimal places.
?
$18,000 after 10 years at 11.25%
?

A. $5,457.03
B. $12,542.97
C. $6,198.3
D. $7,671.36
E. $11,801.7


Answer: C

Mathematics

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