SOLUTION: An investment company pays 9% compounded semiannually. You want to have 19,000 in the future How much should you deposit now to have that amount 5 years from now?
Algebra
.Com
Question 1128141
:
An investment company pays 9% compounded semiannually. You want to have 19,000 in the future
How much should you deposit now to have that amount 5 years from now?
Answer by
ikleyn(52803)
(
Show Source
): You can
put this solution on YOUR website!
.
19000 = D*(1+0.09/2)^(5*2) ====> D =
= 12,234.63 dollars
ANSWER
RELATED QUESTIONS
An investment company pays 9% compounded semiannually. You want to have $21,000 in the...
(answered by
josgarithmetic,ikleyn
)
An investment company pays 6% compounded semiannually. You want to have $ 11 comma 000
(answered by
josmiceli
)
An investment company pays 9% compounded semiannually. You want to have $13000 in the...
(answered by
stanbon
)
An investment company pays 6% compounded semiannually. You want to have 24,000 in the...
(answered by
rfer
)
An investment company pays 8% compounded semiannually. You want to have $22000 in the...
(answered by
josmiceli
)
An investment company pays 6 %compounded semiannually. You want to have $ 23000 in the...
(answered by
addingup
)
An investment company pays 7% compounded semiannually. You want to have $16,000 in
(answered by
mathmate
)
an invested company pays 5% interest compounded semiannually. you want to have $16000 in...
(answered by
stanbon,checkley77
)
If an investment company pays 6% compounded semiannually, how much should you deposit...
(answered by
Theo
)