1. Math
2. Statistics And Probability
3. calculate the present value of an amount if the accumulated...

# Question: calculate the present value of an amount if the accumulated...

###### Question details

Calculate the Present Value of an amount if the accumulated sum is $8420 the number of periods is 9 at an annual compound interest rate of 2%. Provide your answer to two (2) decimal places and do not include '$' signs, commas or full stops (periods).