Compound Interest Application Problem 1

This video shows the solution to problem #8 from "Chapter 9 Review Exercises" in Business Math: A Step-by-Step Handbook (Lyryx version 2021-B) also known as problem #8 from "Chapter 4 Review Exercises" in Business Math: A Step-by-Step Handbook (Seneca College version).
The video shows how to find the present value of an investment involving variable interest rates given the maturity value of the investment.