What is the present value of $73,000 in 11 years if the interest rate is 8% compounded semiannually? NOTE: the value obtained by using the present value formula will be more accurate than that obtained using a factor from Table 11-2. Compound - ing t (years) Rate (%) Periods Term of Present Compoun Investmen Nominal d Amount Value (using PV formula)

What is the present value of $73,000 in 11 years if the interest rate is 8% compounded semiannually? NOTE: the value obtained by using the present value formula will be more accurate than that obtained using a factor from Table 11-2. Compound - ing t (years) Rate (%) Periods Term of Present Compoun Investmen Nominal d Amount Value (using PV formula)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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