present value of future amount $400,000 at 11% compounded semi annually for 25 years

Question

present value of  future amount $400,000 at 11% compounded semi annually for 25 years

anonymous · Answer

can you please reword the question?

anonymous · Answer

Find the present value of the following future amount.  $400,000 at 11% compounded semi annually for 25 years.  Thank you

wolf1728 · Answer

Basically, you want to know the amount of principal that grwos to 400,000 at 11% for 25 years?

anonymous · Answer

Yes

wolf1728 · Answer

The formula is here: http://1728.org/compint3.htm but I can solve it for you. Principal = Total /(1 + Rate/n) ^ n*years Principal = 400,000 / 1+ (.11/2)^2*25 Principal = 400,000 / 1.055)^50 Principal = 400,000 / 14.5419612045 Principal = 27,506.61

anonymous · Answer

Thank you!

wolf1728 · Answer

u r welcome :-)