SOLUTION: If P135,650 is the maturity value of a sum invested at 3.2% compounded semi-annually for 9 years and 6 months, find the present value and the compound interest earned.

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Question 1173076: If P135,650 is the maturity value of a sum invested at 3.2% compounded semi-annually for 9 years and 6 months, find the present value and the compound interest earned.
Answer by Boreal(15235) About Me  (Show Source):
You can put this solution on YOUR website!
x(1+(0.032/2))^19, the 19 being the number of times compounded semiannually in 9 1/2 years.
x(1.016)^19=135650
round at the end
100331.97 P present value
the interest is 135650-100331.97=35318.03 P