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Original Question
Calculate the present value for $1400 needed in 4 years, invested at 4.2% per year compounded semi-anuallyAsked by Courtnie
Calculate the present value for $1400 needed in 4 years, invested at 4.2% per year compounded semi-anually
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Answered by
Steve
P(1+.042/2)^(2*4) = 1400
P=1185.56
P=1185.56