menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Mathematics
  3. Study Set
    Contemporary Business Mathematics Study Set 1
  4. Exam
    Exam 9: Compound Interest - Future Value and Present Value
  5. Question
    Calculate the Present Value of $12 500
Solved

Calculate the Present Value of $12 500

Question 162

Question 162

Essay

Calculate the present value of $12 500.00 due in two years and nine months if interest is 7.8% p.a. compounded semi-annually.

Correct Answer:

verifed

Verified

FV = $12 500.00; n = (2 + blured image )(2...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q157: Valeri invested $5000 at 9.25% compounded quarterly.

Q158: ICICI quotes nominal annual interest rate of

Q159: Darcy's parents made a trust deposit of

Q160: A debt of $5000.00 is to be

Q161: Determine the maturity value of $5400 due

Q163: Betty deposited $17 150.00 in an RRSP

Q164: Raman has a line of credit loan

Q165: You borrowed $1700.00 at 12.36% p.a. compounded

Q166: Use the exact method to compute the

Q167: Yellowknife Savings offers three-year term deposits at

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines