1 Your rich aunt has promised to give your $5200 in 4 years. How much should you be willing to receive today (in lieu of the $5200 in 4 years) if you can earn 12% per annum, compounded semi-annually? (Round to nearest penny, e.g. 1234.56) Answer: Check

Your rich aunt has promised to give your $5200 in 4 years. How much should you be willing to receive today (in lieu of the $5200 in 4 years) if you can earn 12% per annum, compounded semi-annually? (Round to nearest penny, e.g. 1234.56)