Question

the present value of $12,000 for six years compounded at 6 percent semiannually is?

Answer 1

i like ur name

Answer 2

thanks

Answer 3

It is 12,000 / (1+0.03)^12

Answer 4

Semi Annual compounding. Semi annual interest rate is 6/2% = 3%. There are 12 semi annual periods in 6 years.

Answer 5

thank you for explaining that.

Answer 6

this is probably going to sound dumb, but what is that sign infront of 12?

Answer 7

to the power of.

Answer 8

ok. thank you.