140000/(1+.02/4)^16

this is for my survey of mathematics class and i can not for the life of me figure out the present value formula
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1 Answer

This looks like compound interest, where the annual interest rate is 2% per annum, interest is compounded quarterly, hence the division by 4, and the amount 140000 is the accrued amount after 16 quarters or 4 years. The division will produce the initial amount=140000/(1+0.02/4)^16=140000/1.005^16=129262.05.

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