Question 1148660
{{{ 22000 = P*( 1 + .08/2 )^( 2t ) }}}
If you want $22,000 in 10 yrs,
{{{ 22000 = P*( 1 + .04)^( 2*10) }}}
{{{ 22000 = P*1.04^20 }}}
{{{ 22000 = P*2.191 }}}
{{{ P = 10041.08 }}}
If you invest $10,041.08 now, you will have $22,000
in ten years