Question
Complete the following using the present value formula or financial calculator. (Do not round intermediate calculations. Round the Periodic rate to the nearest tenth percent.
Complete the following using the present value formula or financial calculator. (Do not round intermediate calculations. Round the "Periodic rate" to the nearest tenth percent. Round your final answer to the nearest cent.)
| Amount desired at end of period | Length of time | Rate | Compounded | Period used | Periodic rate | PV of amount desired at end of period |
|---|---|---|---|---|---|---|
| $6300 | 7 years | 4% | Semiannually |
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Finance From Kaiser To Fuhrer Budget Politics In Germany 1912-1934
Authors: C. Edmund Clingan
1st Edition
0313311846, 9780313311840
