Question
Asked Dec 21, 2019
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Find the present value. Round to the nearest cent.
To get $25,000 after 12 years at 13% compounded semiannually
O A. $5,767.65
O B. $5,873.53
C. $5,515.05
O D. $19,484.95
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Find the present value. Round to the nearest cent. To get $25,000 after 12 years at 13% compounded semiannually O A. $5,767.65 O B. $5,873.53 C. $5,515.05 O D. $19,484.95

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Expert Answer

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Calculate the presen...

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Given: Future value (A) = $25000. Number of years (t) = 12. Rate of interest (r) = 13%. Number of times interest is compounded in a year (n) = semi- annually.

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