Solution

what is the present value of5000 pesos due in 8 years if the money is worth 12% compounded semiannually

Solution

Solution steps
Translate the problem into an equation:
Round to the nearest hundredth:

Popular Examples

Danny is 8 years older than Jacqueline. In 5 years the sum of their ages will be 74. How old is Danny now?In 56 years, Kevin will be 9 times as old as he is right now.Bob's father is 24 years older than Bob. 12 years ago, Bob's dad was double Bob's age at that time. How old is Bob?Adam is 6 years older than his sister, Bronwyn. If the sum of their ages is 56 years, find their agesjames who is twice as old as his sister martha,is 24 years old. how old is martha