Question

A deposit that is compounded semiannually at 8% for 4 years has a table value of 0.73503 true or false

Answer 1

FALSE

Explanation:

This answer is false. The interest rate per period is 4% (8% / 2), and the total number of compounding periods is 8 (4 years x 2 periods per year).

Therefore, find the intersection of 4% and 8, which is 0.73069.