future amount needed $6,000 interest rate is 3% compounding period semiannually investment time 8 years what would the present value be
2 answers
6000/(1+.03/2)^(2*8) = 4728.19
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