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What the periodic rate the pv formula used

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Reference no: EM132752166

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

Amount desired at end of period

Length of time 8 years

Rate 3%

Compounded semiannually

Problem 1: What is the period used, the Periodic rate the PV formula used and PV of amount desired at end of period

 

Reference no: EM132752166

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