Question
1. An amount accumulated to AED 500,000 in 6 years. What is the table compound factor to find the present value which was invested at
1. An amount accumulated to AED 500,000 in 6 years. What is the table compound factor to find the present value which was invested at 12% rare compounded semi-annually?
(Answer with explanation)
A. 0.4970
B. 1.2697
C. 2.0122
D. 0.7876
** please give me the correct option with explanation also give me conclusion as it is mandatory
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Quantitative Methods for Business
Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran
13th edition
1285866312, 978-0357685648, 978-1285866314
