QUESTION 15 What is the effective semi-annual interest rate considering an APR of 8% compounded continuously? 5.127% 4.081% 3.872% 4.603% QUESTION 16 In case you deposit $5,000 every year for 20 years in a savings account that earns 9% compounded yearly. What is the future value of this series at year 20? Suppose the payments are made at the begining of the period. O $255,800.60 $278,822.65 $505,365.21 $472,303.93

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Present Value

Present value (PV) is defined as the current or present value of all future sums of cash flow or money at a specified rate of return. This rate of return is known as the discounted rate, which is essentially the interest rate, discounted over some time. The expected cash flows are discounted at a discount rate to compute the present value. The higher the discount rate, the higher the future value (FV), but the lower the present value.