document.write( "Question 1176318: How much money should be deposited today in an account that earns 8% compounded semiannually so that it will accumulate to $15,000 in three years?\r
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\n" ); document.write( "(Round up to the nearest cent.) \n" ); document.write( "

Algebra.Com's Answer #802925 by ewatrrr(24785) $\"\"$ $\"About$

You can put this solution on YOUR website!

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document.write( "Hi\r\n" );
document.write( " In General \r\n" );
document.write( "A = Accumulated Amount 15000\r\n" );
document.write( "P= principal = \r\n" );
document.write( "r= annual rate = .08\r\n" );
document.write( "n= periods per year = 2\r\n" );
document.write( "t= years = 3\r\n" );
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document.write( "     P = $11,854.72  (rounded to nearest cent)\r\n" );
document.write( "Wish You the Best in your Studies.\r\n" );
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