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

Guest Feb 18, 2021

#1**+1 **

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

ElectricPavlov Feb 18, 2021