future amount needed $6,000 interest rate is 3% compounding period semiannually investment time 8 years what would the present value be

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  1. 6000/(1+.03/2)^(2*8) = 4728.19

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  2. A loan of ​$6000at 8% is compounded semiannually for threethree years. Find the future value and compound interest. Use the​ $1.00 future value table or the future value and compound interest formulaBusiness Mathematics

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