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Problem in economics, finance, business 4.18 What amount of money is equivalent to receiving $8000 three years from today, if the interest rate is 8%

image text in transcribedProblem in economics, finance, business

4.18 What amount of money is equivalent to receiving $8000 three years from today, if the interest rate is 8% per year, compounded semiannually? Ans. $6322.52 4.18 What amount of money is equivalent to receiving $8000 three years from today, if the interest rate is 8% per year, compounded semiannually? Ans. $6322.52

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