B
Brendan K
Guest
Heres the Question:
Leo's business plans are based on his receiving investment income of $25,000 every 6 months, starting 6 months from now. How much must he pay today into an invstment earning enterest at a rate of 8.5% per anum, compounded semi-annually. (for 3 years)
I know what the final answer from the back of the textbook. But the issue is how I end up getting to that final answer, so it would be extremely appreciated if whoever can answer this adds ALL the steps needed to solve. Thanks :]
If interested please help with another investment question. still VERY urgent. Thanks :]
Leo's business plans are based on his receiving investment income of $25,000 every 6 months, starting 6 months from now. How much must he pay today into an invstment earning enterest at a rate of 8.5% per anum, compounded semi-annually. (for 3 years)
I know what the final answer from the back of the textbook. But the issue is how I end up getting to that final answer, so it would be extremely appreciated if whoever can answer this adds ALL the steps needed to solve. Thanks :]
If interested please help with another investment question. still VERY urgent. Thanks :]