Find the present value. amount needed: $12,300 time (years): 4 rate: 4% compounded: quarterly $10,514.04 $11,820.05 $10,332.00 $10,489.69

Answer : $10,489.69

To find present value we use compound interest fromula

where FV is the future value = 12300

PV is the present value

r is the rate of interest = 4% =

n is the number of times the interest is compounded per year .

For compounded quarterly we use n=4

t is the time ( years ) = 4

we replace all the values in our formula and solve for PV:

PV=10489.70

Therefore , $10489.70 is the present value needed to have $12,300 after 4 years.

assuming you mean addition: addition and subtraction are reverse operations.

step-by-step explanation: