Answered: V 8. Find the nominal rate under which…

V 8. Find the nominal rate under which $3500 is the present value of $5000, due ·at the end of 12} years. Interest is compounded semi- annually.

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 15PROB

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8. Find the nominal rate under which $3500 is the present value
of $5000, due ·at the end of 12} years. Interest is compounded semi-
annually.

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