SOLUTION: How much money will you have to invest at 10% compounded semiannually so that the total investment has a value of $2,100 after one year?
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Question 808090: How much money will you have to invest at 10% compounded semiannually so that the total investment has a value of $2,100 after one year?
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
2100=P(1.05)^2
2100/1.1025=P
1904.76=P
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