document.write( "Question 801980: how much money should be deposited today in an account that earns 5% compounded semiannually so that it will accumulate $8000 in three years \n" ); document.write( "
Algebra.Com's Answer #483734 by rfer(16322)\"\" \"About 
You can put this solution on YOUR website!
8000=P(1.025)^6
\n" ); document.write( "8000=P(1.1597)
\n" ); document.write( "8000/1.1597=P
\n" ); document.write( "P=$6898
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