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Complete the following using the present value formula or financial calculator. LU 19-2(2) Amount desired at end of period $6,000 Length of time 8 years
"Complete the following using the present value formula or financial calculator. LU 19-2(2)
Amount desired at end of period $6,000
Length of time 8 years
Rate 3%
Compounded semiannual
What are the following answer: The Period used, the Periodic rate, the PV formula used, and the PV of amount desired at end of period
Chapter 19-6 from the both of Math for Business and Finance Chapter 19 Compound interest and present value.
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