## Calculus with Applications (10th Edition)

$P \approx 42769.89$
To find the present value for an interest rate $r=0.072$ compounded $m=12$ times per year for $t=11$ months $A=P(1+\frac{r}{m})^{tm}$ $45678.93=P(1+\frac{0.072}{12})^{11}$ $P \approx 42769.89$