Question 1081780
{{{ F = P * (1+r/n)^(nt) }}}

where:
F=future value
P=present value
r=rate (as a decimal)
n=number of compounding periods per year
t=number of years
————
       {{{ 50000 = P(1+(0.037/2))^(2*30) }}}
       {{{  50000 = P(1.0185)^60 }}}
       {{{  50000 = P*3.0037377 }}}
        {{{  P = 50000/3.0037377 }}}
        P = $ {{{ highlight( 16645.93 )}}}