Post a New Question

math

posted by .

how much money should you invest now to have 5000 in 11 years if you invest the money at a rate of 9.4%. compounded semiannually

  • math -

    22 periods at .094/2 = .047
    1.047^22 = 2.7468
    2.7468 x = 5000
    x = $1820.30

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

More Related Questions

Post a New Question