A future payment of $⁢3,000 is expected in 3 years. With an annual interest rate of 2% compounded quarterly, what is the present value? Formula: P⁢V=(F⁢V)/((1+(r)/(n))^n⋅t)

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2 dollars comma 825 point 7 2

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A future payment of $⁢3,000 is expected in 3 years. With an annual interest rate of 2% compounded quarterly, what is the present value? Formula: P⁢V=(F⁢V)/((1+(r)/(n))^n⋅t)

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