Asked by Anoymous
future amount needed $6,000 interest rate is 3% compounding period semiannually investment time 8 years what would the present value be
Answers
Answered by
Steve
6000/(1+.03/2)^(2*8) = 4728.19
Answered by
tina jones
A loan of $6000at 8% is compounded semiannually for threethree years. Find the future value and compound interest. Use the $1.00 future value table or the future value and compound interest formulaBusiness Mathematics
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