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Original Question
What is the present value of $73,000 in 11 years if the interest rate is 8% compounded semiannuallyAsked by dana
What is the present value of $73,000 in 11 years if the interest rate is 8% compounded semiannually?
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Answered by
Chol
A = 73000(1+ .08/2)^11*2
A = 73000(1.04)^22
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