How much money do you need to invest now for you to receive 15000 semi-annually for7 years if it will be compounded at 7.5% semi-annually?(Present Value of Annuity Due)

Semi-annual payment = 15000 Time period = 7 Semi-annual interest rate = 7.5%

Answered: How much money do you need to invest…

How much money do you need to invest now for you to receive 15000 semi-annually for 7 years if it willI be compounded at 7.5% semi-annually? (Present Value of Annuity Due)

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 6MC: You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years....

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How much money do you need to invest now for you to receive 15000 semi-annually for
7 years if it will be compounded at 7.5% semi-annually?
(Present Value of Annuity Due)

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