Amount desired at End of Period: $31,000 Length of time(years) : 10 Annual Rate: 8%Compounding periods per year: 2 1. Number of compound periods - 2. Period interest rate- 3 PV factor used- 4. PV of amount desired at the end of period-
Amount desired at End of Period: $31,000 Length of time(years) : 10 Annual Rate: 8%Compounding periods per year: 2 1. Number of compound periods - 2. Period interest rate- 3 PV factor used- 4. PV of amount desired at the end of period-
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 2E
Question
Amount desired at End of Period: $31,000
Length of time(years) : 10
Annual Rate: 8%
Compounding periods per year: 2
1. Number of compound periods -
2. Period interest rate-
3 PV factor used-
4. PV of amount desired at the end of period-
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