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23 October, 07:59

How much money would you have to invest at 8% compounded semiannually so that the total investment has a value of $2 190 after one year?

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  1. 23 October, 08:26
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    Okay so we are talking about future Value

    You need to find Present Value

    The way you find this type of problem on a Calculator is or you can do it using formulas ...

    IT 83 AppsFinance

    N = 1 i = 8 FV = 2190 and P/Y 2 semiannual

    Answer 2106
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