help in homework

New User?

Fill This Form To Receive Instant Help

Help in Homework
trustpilot ratings
google ratings


Homework answers / question archive / What is the Present Value of 8000 KWD in 3 years if bank pay 15% interest semi-annually?

What is the Present Value of 8000 KWD in 3 years if bank pay 15% interest semi-annually?

Finance

What is the Present Value of 8000 KWD in 3 years if bank pay 15% interest semi-annually?

pur-new-sol

Purchase A New Answer

Custom new solution created by our subject matter experts

GET A QUOTE

Answer Preview

Present value = Future value / ( 1 + r/2)^n * 2

As it is semiannual so the yearly rate is divided by 2 to make it semiannual.

= 8000 / ( 1 + 15%/2)^3*2

= 5,183.69

The Ptresent value is $5,183.69

Sitejabber (5.0)

BBC (5.0)

Trustpilot (4.9)

Google (5.0)