document.write( "Question 335655: My husband and I want to save for a boat. We estimate that we will need about $4,500.00 in 7 years. Our bank is offering a 2% interest rate compounded semiannually. How much would we need to deposit now in order to have $4,500.00 in 7 years. \n" ); document.write( "

Algebra.Com's Answer #240676 by Fombitz(32388) $\"\"$ $\"About$

You can put this solution on YOUR website!
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\n" ); document.write( " $\"4500=P%281%2B0.01%29%5E14\"$
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