#1623 · Algebra · Exponentials & logarithms

Present value of a sum

Find, correct to a farthing, the present value of £10000 due 8 years hence at 5 per cent. compound interest; given $lo g 67683.94 = 4.8304856$ .

~6 minAnswer checked instantlypresent valuecompound interest

H. S. Hall & S. R. Knight, Higher Algebra (1891) · Ch. XVIII. Interest and Annuities, Examples XVIII.a, No. 4

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Checked against the answer in H. S. Hall & S. R. Knight, Higher Algebra (1891).