Lammz2zzMKT Lammz2zzMKT
  • 23-11-2016
  • Mathematics
contestada

By using the table in the handbook, the present value of $12,000 for six years compounded at 6 percent semiannually is

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Greenleafable
Greenleafable Greenleafable
  • 06-12-2016
Take a look at the attachment to see the solution.
A = future value
P = principal (P = 12,000)
r = interest rate (r=6)
n = time periods (n=12)

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