SOLUTION: At the birth of their daughter, a couple wants to invest some money so she will have $20 000 on her eighteenth birthday. If interest is paid at 6% per year, compounded semi-annuall

Question 971507: At the birth of their daughter, a couple wants to invest some money so she will have $20 000 on her eighteenth birthday. If interest is paid at 6% per year, compounded semi-annually, how much will the couple have to invest?
Answer by anand429(138) (Show Source): You can put this solution on YOUR website!
Using the formula

=>
=> P=6900
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