document.write( "Question 606810: how much money do i need to put in a saving account at 5 % semi annual for 25 years to make 1000000 \n" ); document.write( "

Algebra.Com's Answer #382250 by ewatrrr(24785) $\"\"$ $\"About$

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document.write( "Hi,
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document.write( "money is invested at 5% apr with interest compounded semiannually for 25 years
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document.write( "What Principal would yield 1,000,000
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document.write( "Note:  In General: 
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document.write( "A = Accumulated Amount = $1,000,000
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document.write( "P= principal 
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document.write( "r= annual rate = .05
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document.write( "m= periods per year = 2
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document.write( "t= years = 25
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document.write( " P = $290,942.21 \n" );
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