Investment problem?

find the present value of the future value.
$5000, invested for 9 years at 6% compounded quarterly

it's homework. that's all it says.

The present value of $5,000 after 9 years of quarterly compounding at a rate of 6% payable per quarter is $613.704.

The compounding rate is important and I want to make sure you understand - this is the answer if the 6% is payable every quarter, and not an annual rate.

If the 6% is an annual rate compounding quarterly, the answer is $2925.45.

your problem is worded incorrectly, or lacks some critical information.

you give us only three data bits ... an amount but not a frequency [one time, every month, etc.] and lacking when the amount is available, a period, and an interest rate.

if you wish to calculate a present value, you must supply the discount rate to be used ... unless it is the same 6% annual rate, in which case the present value of the future value is the present amount.


please clarify

$8545.6852

More info please 6% Quarterly 8545.64 or 6% annually is 2500 rounded.

If $5000 is the future value, then if you had invested $650.53 at interest of 6% per quarter, then in 9 year you will have the $5000.