Find the present value and the compound discount of $4796.03 due 8.5 years from now if money is worth 4.7% compounded semi-annually. ..... The present value of the money is $. (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Find the present value and the compound discount of $4796.03 due 8.5 years from now if money is worth 4.7% compounded semi-annually. ..... The present value of the money is $. (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Find the present value and the compound discount of $4796.03 due 8.5 years from now if money is worth 4.7% compounded semi-annually.
.....
The present value of the money is $.
(Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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