The present value of $12,000 for six years compounded at 6% semiannually is

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asked Sep 20, 2017 171k views

1 Answer

Sagar Patel · Answer 1 · 2017-09-25T18:41:20+0000

Semi-annually means, 2 times in 1 year, so 6 year = 12 times.
Then, it would be: P * R * T /100
12000 * 6 * 12 / 100 = 8640

So, your final answer is $8640

Hope this helps!

The present value of $12,000 for six years compounded at 6% semiannually is

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