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 5% per year, compounded semiannually, for 8 years.
A)$46,319.35
B)$67,362.49
C)$67,683.94
D)$53,390.82
E)$5,408.79

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The Answer of 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 5% per year, compounded semiannually, for 8 years.
A)$46,319.35
B)$67,362.49
C)$67,683.94
D)$53,390.82
E)$5,408.79

The Present Value of a Sum of Money Is the Amount