document.write( "Question 971507: At the birth of their daughter, a couple wants to invest some money so she will have $20 000 on her eighteenth birthday. If interest is paid at 6% per year, compounded semi-annually, how much will the couple have to invest? \n" ); document.write( "
Algebra.Com's Answer #593955 by anand429(138)\"\" \"About 
You can put this solution on YOUR website!
Using the formula
\n" ); document.write( "\"A=P%2A%281%2Br%2F%28n%2A100%29%29%5E%28n%2At%29\"
\n" ); document.write( "\"20000=P%2A%281%2B6%2F%282%2A100%29%29%5E%282%2A18%29\"
\n" ); document.write( "=> \"20000+=+P%2A%281%2B6%2F200%29%5E36\"
\n" ); document.write( "=> P=6900
\n" ); document.write( "
\n" );