<PRE><B>Question 252254</B>
an invested company pays 5% interest compounded semiannually. you want to have $16000 in the future, how much should you deposit now to have that amount 5 years from now?
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A(t) = P(1+(r/n))^(nt)
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16000 = P(1+(0.05/2))^(2*5)
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16000 = P(1.28)
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P = $12,499.17
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cheers,
Stan H.</PRE>