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Find the principal needed now (the present value) in order to get $10,000 after 15 years, compounded semiannually at a rate of 5%.

Find the principal needed now (the present value) in order to get $10,000 after 15 years, compounded semiannually at a rate of 5%.
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Find the principal needed now (the present value) in order to get $10,000 after 15 years, compounded

semiannually at a rate of 5%.

asked
User Rabejens
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7.0k points

1 Answer

7 votes

Answer:

10000×(1+5%)^(15×2)=43219.4238

answered
User Nirav Alagiya
by
8.6k points
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