Question 87176
How much should be invested at 8% compounded semiannually in order to have $5000 at the end of 8 years 
-------------
Formula: A(t)=P(1+r/n)^(nt)
5000 = P(1+0.08/4)^(2*8)
5000 = P(1.872981246)
P = $2669.54
===============
Cheers,
Stan H.