SOLUTION: An investment company pays 6% compounded semiannually. You want to have $ 11 comma 000 in the future.
A) How much should you deposit now to have that amount 5 years from
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Question 1148880: An investment company pays 6% compounded semiannually. You want to have $ 11 comma 000 in the future.
A) How much should you deposit now to have that amount 5 years from now?
B) 10 years from now?
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
$8,184.52
-----------------------
$6,090.43
check the math
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