Question: Please use the table factor to find the answer B) An entrepreneur assumes he will need $ 50,000 in 12 years to develop his business.

Please use the table factor to find the answer B) An

Please use the table factor to find the answer

B) An entrepreneur assumes he will need $ 50,000 in 12 years to develop his business. He decides that he will put aside the money now so that after 12 years the $ 50,000 will be available. The bank offers him 4% interest compounded semiannually. What is the present value of the $ 50,000 and Compound interest

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