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By using the table in the handbook, the present value of $12,000 for six years compounded at 6 percent semiannually is
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By using the table in the handbook, the present value of $12,000 for six years compounded at 6 percent semiannually is

User JAK
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Take a look at the attachment to see the solution.
A = future value
P = principal (P = 12,000)
r = interest rate (r=6)
n = time periods (n=12)

By using the table in the handbook, the present value of $12,000 for six years compounded-example-1
User Peter DeGlopper
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