document.write( "Question 1175892: An investor wanted to have 1 million in his account earning 8% compounded semiannually in 5 years. How much should he invest now? \n" ); document.write( "

Algebra.Com's Answer #801705 by math_helper(2461) $\"\"$ $\"About$

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document.write( "Ans: The investor needs to invest $675564.17 today to have $1 million in 5 years.
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document.write( "Check:  I'll just compute the value of the investment at each 6mo compounding interval:\r
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document.write( "time(yrs)      value ($)
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document.write( "---------      ---------
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document.write( "0              675564.17
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document.write( "0.5            702586.74
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document.write( "1.0            730690.21
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document.write( "1.5            759917.81
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document.write( "2.0            790314.53
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document.write( "2.5            821927.11
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document.write( "3.0            854804.19
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document.write( "3.5            888996.36
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document.write( "4.0            924556.21
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document.write( "4.5            961537.46
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document.write( "5.0           1000000.00\r
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