document.write( "Question 503729: in order to have $10,000 in 5 years, how much would a person have to invest if the money will earn 12% interest compounded semiannually? \n" ); document.write( "
Algebra.Com's Answer #339408 by mananth(16946)\"\" \"About 
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Principal P = x
\n" ); document.write( "Amount= 10000
\n" ); document.write( "years=n 5
\n" ); document.write( "compounded 2 times a year
\n" ); document.write( "Rate = 12.00 6.000
\n" ); document.write( "Amount = P*((n+r)/n)^n
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\n" ); document.write( "10000 = x *( 1 + r/n )^ n
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\n" ); document.write( "10000 = P ( 1 + 0.060 / 2 ) ^ 2 * 5
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\n" ); document.write( "10000 = P( 1.06000 )^ 10
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\n" ); document.write( "10000 /( 1.06 )^ 10 = P
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\n" ); document.write( "P= 5583.95
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