Question 503729: in order to have $10,000 in 5 years, how much would a person have to invest if the money will earn 12% interest compounded semiannually? Answer by mananth(16946) (Show Source):
You can put this solution on YOUR website! Principal P = x
Amount= 10000
years=n 5
compounded 2 times a year
Rate = 12.00 6.000
Amount = P*((n+r)/n)^n
