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period payment question

I have $200,000. What is the present value received at the end of every 6 months for the next 8 years at a discount rate of 7%?

fv=200,000(1+ (.07/2))1x2?

Solution Preview

I think this should be a period payment question, because the present value is exactlyu $200,000.

PV = ...

Solution Summary

A period payment question is presented.

$2.19