If money is worth 6% compounded bi-monthly (6), find the present value of R 125 700 for 2 years?
compounded bi-monthly , n =6
"PV = \\frac{FV}{(1+i)^n}"
"=\\frac{R125,700}{(1+0.06)^{6\u00d72}}"
"=\\frac{125,700}{(1.06)^{12}}"
"=R62469.05"
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