document.write( "Question 1199452: You wish to purchased a house for $120,000 in 12 years. You can invest your money at 4.5%/a compounded semiannually for the first 5 years and then you can get 6%/a compounded semiannually for the next 7 years. How much do you need to invest now? (Hint: start with the last 7 years) HELPPPPPPP PLZ \n" ); document.write( "
Algebra.Com's Answer #833344 by MathTherapy(10552)\"\" \"About 
You can put this solution on YOUR website!
\r\n" );
document.write( "You wish to purchased a house for $120,000 in 12 years. You can invest your money at 4.5%/a compounded semiannually for the first 5 years and then you can get 6%/a compounded semiannually for the next 7 years. How much do you need to invest now? (Hint: start with the last 7 years) HELPPPPPPP PLZ\r\n" );
document.write( "\r\n" );
document.write( "In 12 years' time, you'll need $120,000. Seven years before the 12th year, or 5 years from now, the amount (Present Value) that\r\n" );
document.write( "needs to be invested then. to accummulate $120,000, or \r\n" );
document.write( "\r\n" );
document.write( "Twelve years before the 12th year, or NOW, you need the amount (Present Value) that needs to be invested in order to accummulate\r\n" );
document.write( "the $79,334.14, 5 years later. We then get: Amount needed to invest NOW, in order to accummulate the $79,334.14\r\n" );
document.write( "in 5 years' time, or
\n" ); document.write( "
\n" );