You are promised a lump sum payment of  $`FV` exactly `n` ye…

You are promised a lump sum payment of  $`FV` exactly `n` years from now. The annual nominal interest rate is `i`%, compounded semi-annually (twice per year). What is the amount you would need to invest today to have this same future value? **Remember, because the compounding is semi-annual, both the interest rate per period and the total number of periods must be adjusted accordingly. Enter your answer with 2 decimal places and NO special characters. Do not submit a negative value; submit your answer as a positive value.

You will see an assignment in the modules titled “Scratch wo…

You will see an assignment in the modules titled “Scratch work from Exam 1.” Upload a pdf of your scratch work from this exam. You have an extra day beyond the due date of this exam to get it done.  For things like this, I use a free pdf app on my phone or tablet. The one I use is called “Fast Scanner,” but there are also other apps. Alternatively, you could scan you scratch work with a scanner/copier. DO NOT SUBMIT PICTURES. Pdf uploads only please.