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The Following Investment Requires Table Factors for Periods Beyond the Table

question 41

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The following investment requires table factors for periods beyond the table. Create the new table factor, rounded to five decimal places, and calculate the present value, rounding to the nearest cent.  Term of  Nominal  Interest  New Table  Present  Principal  Investment  Rate  Compounded  Factor  Value $4,20016 years 14% semiannualy \begin{array} { l l l l l l } & \text { Term of } & \text { Nominal } & \text { Interest } & \text { New Table } & \text { Present } \\\text { Principal } & \text { Investment } & \text { Rate } & \text { Compounded } & \text { Factor } & \text { Value } \\\$ 4,200 & 16 \text { years } & 14 \% & \text { semiannualy } &------- &------ \\\end{array}


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