meiraemecgivni meiraemecgivni

20-02-2017
Business

Answered

How much money would you have to invest at 8% compounded semiannually so that the total investment has a value of $2 190 after one year?

Verified Answer :

syed38999 syed38999

20-02-2017

Okay so we are talking about future Value
You need to find Present Value
The way you find this type of problem on a Calculator is or you can do it using formulas..
IT 83 AppsFinance
N= 1 i= 8 FV= 2190 and P\Y 2 semiannual
Answer 2106

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