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.
?
$95,000 after 25 years at 8.5%
?

A. $12,358.91
B. $2,890.4
C. $13,409.42
D. $14,549.22
E. $10,309.82


Answer: A

Mathematics

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