Bill wants to give Maria a $500,000 gift in seven years. If money is worth 6% compounded semiannually, what is Maria's gift worth today?
A) $ 66,110.
B) $ 81,310.
C) $406,550.
D) $330,560.PV = $500,000 x .66112* = $330,560 *PV of $1: n=14; i=3%
Correct Answer:
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