Question
Complete the following using present value. (Please use the following provided Table.) (Do not round intermediate calculations. Round the PV factor to 4 decimal places
| Complete the following using present value. (Please use the following provided Table.) (Do not round intermediate calculations. Round the "PV factor" to 4 decimal places and final answer to the nearest cent.) |
| Amount desired at end of period | Length of time | Rate | Compounded | On PV Table 12.3 | PV factor used | PV of amount desired at end of period | |
| Period used | Rate used | ||||||
| $10,000 | 2 years | 6% | Monthly | ||||
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Applied Conic Finance
Authors: Dilip Madan, Wim Schoutens
1st Edition
1107151694, 978-1107151697
