Question: HOW DO I SOLVE THIS Find the present value and the compound discount of $3484.46 due 7 years from now if money is worth 3.5%

HOW DO I SOLVE THIS

HOW DO I SOLVE THIS Find the present value and the compound

Find the present value and the compound discount of $3484.46 due 7 years from now if money is worth 3.5% compounded semi-annually. The present value of the money is $ 2733.09 . (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) The compound discount is $D. (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!