$4,000 12.46221* = $ 49,849 $100,000 0.37689** = 37,689 $ 87,538 Semiannual: 8%/2 = 4%. 10%/2 = 5% 4% $100,000 = $4,000. * PV of
| $4,000 12.46221* = | $ 49,849 |
|---|---|
| $100,000 0.37689** = | 37,689 |
| $ 87,538 |
Semiannual: 8%/2 = 4%. 10%/2 = 5%
4% $100,000 = $4,000.
* PV of ordinary annuity of $1: n = 20; i = 5%
**PV of $1: n = 20; i = 5%
this is the answer but what formula do i use i just need some help how would it look in a calculator
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Authors: Louis Gapenski
5th Edition
1567936113, 978-1567936117
