Problem

Complete the following using present value of Table 12.3 or Business Math HandbookTable....

Complete the following using present value of Table 12.3 or Business Math HandbookTable.

Amount desired at end of period

Length of time

Rate

Compounded

On PV Table 12.3

PV factor used

PV of amount desired at end of period

Period used

Rate used

$4,500

7 years

2%

Semiannually

 

 

 

 

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Solutions For Problems in Chapter 12