Question
Using Table 11-2 from your text, calculate the present value (principal) and the compound interest for the following investment, rounding to the nearest cent. Compound
Using Table 11-2 from your text, calculate the present value (principal) and the compound interest for the following investment, rounding to the nearest cent.
| Compound | Term of | Nominal | Interest | Present | Compound |
| Amount | Investment | Rate | Compounded | Value | Interest |
| $1,250 | 6 years | 6% | semiannually | ________ | _________ |
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
12th edition
1259918947, 1260091908, 978-1259918940
