Exercise 13. Determine how much Mr. Antanas F Antonio should invest today in a bank which, after 8 years, will return the sum of $26,000,000. The entity recognizes an interest rate of 5.5% simple bimonthly.

Given: P = $26,000,000 r = 0.055 m = 2 t = 8 $$ F=\:\frac{26,000,000}{\left(1+\frac{0.055}{2}\right)^{2\left(8\right)}} $$ F = $16,844,730.19