SOLUTION: what principal will amount to $3000 if invested at 3% interest compounded semi annually for 10 years?

Question 1045465: what principal will amount to $3000 if invested at 3% interest compounded semi annually for 10 years?
Found 2 solutions by josgarithmetic, MathTherapy:
Answer by josgarithmetic(39617) (Show Source): You can put this solution on YOUR website!
3% annual rate is percent semi annual rate.
10 years is compounding periods.

Let p be the principal to invest at the beginning.

Answer by MathTherapy(10552) (Show Source): You can put this solution on YOUR website!

what principal will amount to $3000 if invested at 3% interest compounded semi annually for 10 years?

Principal or Present Value =
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