Find the principal needed now (the present value) in order to get $10,000 after 15 years, compounded semiannually at a rate of 5%.

asked May 5, 2023 202k views

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Find the principal needed now (the present value) in order to get $10,000 after 15 years, compounded

semiannually at a rate of 5%.

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7 votes

Answer:

10000×(1+5%)^(15×2)=43219.4238

Nirav Alagiya answered May 10, 2023

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