What is the present value of $15,000 compounded semi-annually at 8 percent for two years? O$12,802.36. O$12,860.08. O$12,931.03. O $12,822.06.
What is the present value of $15,000 compounded semi-annually at 8 percent for two years? O$12,802.36. O$12,860.08. O$12,931.03. O $12,822.06.
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Question
74.
Subject :- Accounting
Transcribed Image Text:What is the present value of $15,000
compounded semi-annually at 8 percent for two
years?
O$12,802.36.
O$12,860.08.
O$12,931.03.
O $12,822.06.
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