Hi,

money is invested at 5% apr with interest compounded semiannually for 25 years

What Principal would yield 1,000,000

Note:  In General: 

A = Accumulated Amount = $1,000,000

P= principal 

r= annual rate = .05

m= periods per year = 2

t= years = 25

 





 P = $290,942.21 

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