1. Find the compound interest and maturity value if P = P43,000, with a rate of 5% is compounded semi-annually for 6 years.

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Veote asked May 14, 2023

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1. Find the compound interest and maturity value if P = P43,000, with a rate of 5% is compounded semi-annually for 6 years.

Mathematics
high-school

Veote asked May 14, 2023

by Veote

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The Answer is that the present value of $100 is $100. Because this $100 dollar is deposited today so the time is equal to zero and when time is zero the value of amount is the value of amount itself.

Bram Avontuur answered May 19, 2023

by Bram Avontuur

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