Question: Use a financial calculator or computer software program to answer the following questions. a. What is the present value (PV) of $359,000 that is to

Use a financial calculator or computer software program to answer the following questions.

a. What is the present value (PV) of $359,000 that is to be received at the end of 23 years, the discount rate is 11 percent, and semiannual discounting occurs?

b. How would your answer for (a) change if monthly discounting were used?

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a Using a financial calculator enter 359000 and press FV enter 550 112 an... View full answer

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