an investment that has a maturity value of $4000 and is discounted 4 years and 6 month before maturity at 2.70% compounded semianually..calculate the discounted value of the investment
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The formula for compound interest is P (1 + r/n)^(nt), where P is the initial principal balance, r is the interest rate, n is the number of times interest is compounded per time period and t is the number of time periods.
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The formula compound interest is P
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