This subject is about math of investment. Can you provide answer and solution to this problem 1. P10,000 is semi-annually withdrawn for 7 years from a bank giving 5.5% compounded semi-annually. Calculate the present value.

Решение

T hi s s u bj ec t i s ab o u t ma t h o f in v es t m e n t . C an yo u p ro v i d e an s w er an d so l u t i o n t o t hi s p ro b l e m 1. P 10, 000 i s se mi - ann u a ll y w i t h d r a w n f or 7 ye a rs f ro m a bank g i v in g 5.5% co m p o u n d e d se mi - ann u a ll y . C a l c u l a t e t h e p rese n t v a l u e .

Amount : 14619.94

Шаги решения

Translate the problem into an equation:

A = 10000 (1 + \frac{0.055}{2})^{2 \cdot 7}

10000 (1 + \frac{0.055}{2})^{2 \cdot 7} = 14619.94125 \dots

Округлите до ближайшего hundredth:

14619.94

Amount : 14619.94