Multiple Choice
Using the table in the handbook, the present value of $12,000 for six years compounded at 6% semiannually is:
A) $12,814.08
B) $8,461.08
C) $8,416.80
D) $8,614.80
E) None of these
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q64: Solve by compound table. Find future
Q65: Compounding always reduces the principal.
Q66: In the table of present value of
Q67: Complete without using tables. (Show work.)<br>
Q68: Match the following terms with their definitions.<br>-Monthly<br>A)Year
Q70: The effective rate (APY)is:<br>A)The nominal rate<br>B)The stated
Q71: Anne Katz, the owner of Katz Sport
Q72: Interest on $2,630 at 3% compounded semiannually
Q73: Mark Larken promised his grandson Ralph that
Q74: Compounding always requires the use of tables.