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