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 an investment that will be worth $128 500 in 8 years. The interest rate is 6.5%/a, compounded semi-annually.

 Feb 18, 2021
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128 500 = pv (1+ .065/2)8*2       solve for pv           interest is then   128500 - pv

                           .065/2 is interest per period in decimal form (twice per year)   and there are 8*2 periods in eight years

 Feb 18, 2021

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