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PART A: Finding FV... $1,000 (PV), 10% (Interest Rate), 6 (Number of Years) PART C: Finding PV... $1,000 (FV), 10% (Discount Rate), 6 (Number of
PART A: "Finding FV..." $1,000 (PV), 10% (Interest Rate), 6 (Number of Years)
PART C: "Finding PV..." $1,000 (FV), 10% (Discount Rate), 6 (Number of years)
h. Recalculating the PV and the FV for parts a and c if the interest rate is semiannually compounded | |||||
Future value (FV) | #REF! | ||||
Present value (PV) | #REF! |
What will the FV and the PV for parts a and c be if the interest rate is 10% with semiannual compounding rather than 10% with annual compounding? Round the answer to the nearest cent, thank you
What is the Xcel formula with the given information to find the FV and PV with an interest rate semiannually compounded?
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