An investment company pays 8 compounded semiannually You want to have 17 000 in the...

90.2K

Verified Solution

Question

Basic Math

image

An investment company pays 8 compounded semiannually You want to have 17 000 in the future A How much should you deposit now to have that amount 5 years from now Round to the nearest cent B How much should you deposit now to have that amount 10 years from now Round to the nearest cent

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students