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September 1, 2014

September 1, 2014

Posted by **Nick** on Sunday, December 12, 2010 at 6:35pm.

What is the formula used to find the present value of the prize?

- Math -
**Reiny**, Sunday, December 12, 2010 at 7:37pmi = .20/5 = .04

n = 20x5 = 100

PV = 10 000(1 - 1.04^-100)/.04

= 245 049.99

20% interest!!! Wow, what fantasy place is this?

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