document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=252254>Question 252254</A>: <I><SPAN STYLE=\"word-break: break-all;\"> an invested company pays 5% interest compounded semiannually. you want to have $16000 in the future, how much should you deposit now to have that amount 5 years from now?\r<BR>\n" );
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document.write( "Thank you </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #184101 by </B><A HREF=/tutors/aboutme.mpl?userid=checkley77><B>checkley77(12844)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=checkley77><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=184101\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> x(1+.05/2)^5*2=16,000<BR>\n" );
document.write( "x(1+.025)^10=16,000<BR>\n" );
document.write( "x(1.025)^10=16,000<BR>\n" );
document.write( "x*1.28=16,000<BR>\n" );
document.write( "x=16,000/1.28<BR>\n" );
document.write( "x=$12,500 is the necessary investment to have $16,000 in 5 years. </SPAN>\n" );
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