document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1127199>Question 1127199</A>: <I><SPAN STYLE=\"word-break: break-all;\"> You need $15,000 in 2.5 years. How much should you invest today if you get 8% compounded semiannually? (solve using compound interest formula) </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #743559 by </B><A HREF=/tutors/aboutme.mpl?userid=Boreal><B>Boreal(15235)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=Boreal><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=Boreal><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=743559\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> 15000=Po(1+.04)^5, the .04 is the interest rate semiannually and the 5 are the number of compoundings in 2.5 years.<BR>\n" );
document.write( "15000/(1.04^5)=$12,328.91 </SPAN>\n" );
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