SOLUTION: An investment company pays 9% compounded semiannually. You want to have 19,000 in the future How much should you deposit now to have that amount 5 years from now?

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Question 1128141: An investment company pays 9% compounded semiannually. You want to have 19,000 in the future
How much should you deposit now to have that amount 5 years from now?
Answer by ikleyn(52803) About Me  (Show Source):
You can put this solution on YOUR website!
.
19000 = D*(1+0.09/2)^(5*2)  ====>


D = 19000%2F%281%2B0.09%2F2%29%5E10 = 12,234.63  dollars    ANSWER