Answer to Question #269005 in Financial Math for Ayana Prica

Question #269005

If money is worth 6% compounded bi-monthly, find the present value of Php125,700 for 2 years.

Expert's answer

compounded bi-monthly , n =6

"PV = \\frac{FV}{(1+i)^n}"

"=\\frac{Php125,700}{(1+0.06)^{6\u00d72}}"

"=\\frac{125,700}{(1.06)^{12}}"

"=Php62469.05"

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