The present value of a sum of money is the amount that must be invested now, at a given rate of interest, to produce the desired sum at a later date. Find the present value of $100,000 if interest is paid at a rate of 6% per year, compounded semiannually, for 7 years.
?
Please enter your answer as a number without the units, rounded to the nearest hundredth.
Fill in the blank(s) with the appropriate word(s).
66,111.78
You might also like to view...
Make the following conversion in the metric system.62.94 grams to milligrams
A. 6,294 mg B. 0.06294 mg C. 0.006294 mg D. 62,940 mg
Suppose that the functions f and g and their derivatives with respect to x have the following values at the given values of x. Find the derivative with respect to x of the given combination at the given value of x.
g(x + f(x)), x = 3
A. -32 B. -4 C. -36 D. 27
Solve the problem.Find a polynomial that represents the area of the shaded region.
A. 12a2 + 3a B. 10a2 + 3a C. 12a2 + 6a D. 10a2 - 1
Determine whether the relation defines y as a function of x. Give the domain.y = x3
A. Not a function; domain: (-?, ?) B. Not a function; domain: all whole numbers C. Function; domain: (-?, ?) D. Function; domain: all whole numbers