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An investment wil pay you $25,400 in 20 years. The steted nterest rate is 13% (APR). Finterest in compounded semi-annusly, what is the present value? Enter your responoe below ounded to two decimal places Number

An investment wil pay you $25,400 in 20 years. The steted nterest rate is 13% (APR). Finterest in compounded semi-annusly, what is the present value? Enter your responoe below ounded to two decimal places Number

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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An investment wil pay you 825,400 in 20 years. The stated interest rate is 135 (APR), E interest is compounded semi-anualy, what is the present value? Enter your response below roundded to two decimal places Number
Transcribed Image Text:An investment wil pay you 825,400 in 20 years. The stated interest rate is 135 (APR), E interest is compounded semi-anualy, what is the present value? Enter your response below roundded to two decimal places Number
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