True/False
Present Value of 1 Future Value of 1
Present Value of an Annuity of 1
Future Value of an Annuity of 1
The present value factor for determining the present value of $6,300 to be received three years from today at 10% interest compounded semiannually is 0.7462.
n = 6 semiannual periods, i = 5% semiannual interest rate; from the PV of $1 table the factor is 0.7462
Correct Answer:
Verified
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