Question 606810
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Hi,
money is invested at 5% apr with interest compounded semiannually for 25 years
What Principal would yield 1,000,000
Note:  In General: {{{A = P(1+r/m)^mt}}}
A = Accumulated Amount = $1,000,000
P= principal 
r= annual rate = .05
m= periods per year = 2
t= years = 25
 {{{P = A/(1+r/m)^mt}}}
{{{P = 1000000/(1+.05/2)^(50)}}}
{{{P = 1000000/(1.025)^(50)}}}
 P = $290,942.21