## Calculus with Applications (10th Edition)

$P \approx 6245.97$
To find the present value for an interest rate $r=0.08$ compounded $m=2$ times for $t=6$ years $A=P(1+\frac{r}{m})^{tm}$ $10000=P(1+\frac{0.08}{2})^{6(2)}$ $P \approx 6245.97$