ST-2. If interest is paid semiannually: 14 $40 $1,000 Value (Vb) = L + -----'--1= l (1
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ST-2. If interest is paid semiannually:
14 $40 $1,000 Value (Vb) = L + -----'--1=
l (1 + 0.05)1 (1 + 0.05/4 Thus,
$40(9.899) = $395.96
$1,000(0.505) = 505.00 Value (Vb) = $900.96 If interest is paid annually:
7 V I (V ) - L $80 $1,000 aue b - --+-1=
1 (1.10/ (1.10)7 Vb = $80(4.868) + $1,000(0.513)
Vb = $902.44
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Related Book For 
Financial Management Principles And Applications
ISBN: 9780131450653
10th Edition
Authors: Arthur J. Keown, J. William Petty, John D. Martin, Jr. Scott, David F.
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