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Find out the period used-periodic rate

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"Complete the following using the present value formula or financial calculator. LU 19-2(2)

Amount desired at end of period $6,000

Length of time 8 years

Rate 3%

Compounded semiannual

What are the following answer: The Period used, the Periodic rate, the PV formula used, and the PV of amount desired at end of period

Chapter 19-6 from the both of Math for Business and Finance Chapter 19 Compound interest and present value.

Reference no: EM132703749

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