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    Solving for the Present Value of Money

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    The presents value P that will amount to A dollars in 'n' years with interest compounded annually at annual interest rate 'r' is given by P=A(1+r)^(-n).

    Find the present value that will amount to $50,000 in 20 years at 8% compounded annually.

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    Solution Summary

    The solution calculates the present value of money.