SOLUTION: If an investment company pays 6% compounded semiannually, how much should you deposit
now to have $10,000 5 years from now? $7,440.94
Algebra.Com
Question 1187616: If an investment company pays 6% compounded semiannually, how much should you deposit
now to have $10,000 5 years from now? $7,440.94
Answer by Theo(13342) (Show Source): You can put this solution on YOUR website!
that is correct, rounded to the nearest penny.
the more detailed answer is 7440.939149.
did you need to know how it was derived?
RELATED QUESTIONS
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 $21,000 in the... (answered by josgarithmetic,ikleyn)
An investment company pays 6 %compounded semiannually. You want to have $ 23000
in the... (answered by addingup)
An investment company pays 6% compounded semiannually. You want to have 24,000 in the... (answered by rfer)
An investment company pays 7% compounded semiannually. You want to have $16,000 in (answered by mathmate)
An investment company pays 9% compounded semiannually. You want to have $13000 in the... (answered by stanbon)
An investment company pays 9% compounded semiannually. You want to have 19,000 in the... (answered by ikleyn)
an invested company pays 5% interest compounded semiannually. you want to have $16000 in... (answered by stanbon,checkley77)
an investment pays 7% compound semiannually. You want to have $ 19000.00 in the future , (answered by rfer)