Suppose you wish to have 16500 in 2 years use the present
Suppose you wish to have $16,500 in 2 years. Use the present value formula to find how much you should invest now at 8% interest, compounded semiannually in order to have $16,500, 2 years from now. Then calculate the amount of interest.
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suppose you wish to have 16500 in 2 years use the present value formula to find how much you should invest now at 8
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