20. Use a financial calculator or computer software program to
answer the following questions.
a. What is the present value of $359,000 that is to be received at
the end of twenty-three years, the discount rate is 11 percent,
and semiannual discounting occurs?
b. How would your answer for (a) change if monthly discounting
were used?20. Use a financial calculator or computer software program to?
a) PV = $30,583.09
b) PV = $28,929.62 and here is the electronic online program that does it for you:
http://www.calculatorsoup.com/calculator鈥?/a>20. Use a financial calculator or computer software program to?
a. FV is 359,000, N is 46, R is 5.5%. Compute PV of 30,583
b. N becomes 12 x 23. R will be 11% / 12
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