# math

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

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1. 22 periods at .094/2 = .047
1.047^22 = 2.7468
2.7468 x = 5000
x = \$1820.30

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posted by Damon

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