You have a goal of having $270,000 four years from today. the return on the investment is expected to be 8% and will be compounded semi-annually. the amount that needs to be invested today is closest to: (fv of $1,pv of $1, fva of $1, and pva of $1) (use appropriate factor(s) from the tables provided.)
a) $180,000.
b) $197,989.
c) $135,000.
d) $197,289.
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Ответ:
D $197,289
Explanation:
Compounding a present value for a future sum is calculated thus:
FV= PV(1+r/n)^nt
FV= $270,000
Rate= 8%
Time= 4yrs
Compounded semi annually
$270,000= PV(1+0.08/2)^2*4
270,000=PV(1.04)^8
270,000=PV(1.368569050405)
270,000/1.3685690504052736
PV= 197,289
Ответ:
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