SOLUTION: What is the present value of $73,000 in 11 years if the interest rate is 8% compounded semiannually?

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Question 792862: What is the present value of $73,000 in 11 years if the interest rate is 8% compounded semiannually?
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
FV=73000(1.04)^2*11
FV=73000(2.37)
FV=$173,010.00