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Title: Calculate the amount of money that needs to be invested today at 7% compounded semi-annually to ... Post by: gewusel on Nov 27, 2017 Calculate the amount of money that needs to be invested today at 7% compounded semi-annually to provide monthly payments of $2000.00 in perpetuity starting:
a) one month from today b) one year from today Title: Re: Calculate the amount of money that needs to be invested today at 7% compounded semi-annually to ... Post by: rmaccara on Nov 27, 2017 a) PMT = 2000; i = = 0.035; c = =
p = - 1 = 0.005750039 PV = = $347823.70 b) PV = 2000 + = 2000 + 347823.70 = 349823.70 FV = 349823.70; i = 0.035; n = 1(12) = 12 PV = 349823.70 = $326 564.17 |