What amount of money is equivalent to receiving $8000 three years from today, if the interest rate is 8% per year, compounded semiannually?
What amount of money is equivalent to receiving $8000 three years from today, if the interest rate is 8% per year, compounded semiannually?
Engineering Fundamentals: An Introduction to Engineering (MindTap Course List)
5th Edition
ISBN:9781305084766
Author:Saeed Moaveni
Publisher:Saeed Moaveni
Chapter20: Engineering Economics
Section: Chapter Questions
Problem 12P
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44. What amount of money is equivalent to receiving $8000 three years from today, if the interest rate is 8% per year, compounded semiannually?
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