Question 1148880
{{{ 11000 = P*( 1 + .06/2 )^( 2*5 ) }}}
{{{ 11000 = P*1.03^10 }}}
{{{ P = 11000 / 1.344 }}}
{{{ P = 8184.52 }}}
$8,184.52
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{{{ 11000 = P*( 1 + .06/2 )^( 2*10 ) }}}
{{{ 11000 = P*1.03^20 }}}
{{{ P = 11000 / 1.806 }}}
{{{ P = 6090.43 }}}
$6,090.43
check the math