SOLUTION: My husband and I want to save for a boat. We estimate that we will need about $4,500.00 in 7 years. Our bank is offering a 2% interest rate compounded semiannually. How much would
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Question 335655: My husband and I want to save for a boat. We estimate that we will need about $4,500.00 in 7 years. Our bank is offering a 2% interest rate compounded semiannually. How much would we need to deposit now in order to have $4,500.00 in 7 years. Answer by Fombitz(32388) (Show Source):
