Question

Find the lump sum that must be deposited today to have a future value of $65,000

in 10 years if funds earn 8% compounded semiannually.

Answer 1

Answer: 812.5

Step-by-step explanation: what i did first was divide 65000 by 10 which gave 6500 and then i divided it by 8 which gave 812.5, but i could be possibly wrong