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posted by nichole Sunday, July 3, 2011 at 10:16am.
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
22 periods at .094/2 = .047 1.047^22 = 2.7468 2.7468 x = 5000 x = $1820.30
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