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An investment company pays 3% compounded semiannually. You want to have $20,000 in the future. How much should you deposit now to have that amount

An investment company pays

3% compounded semiannually. You want to have

$20,000 in the future.

How much should you deposit now to have that amount 5 years fromnow?

round to the nearest cent

Find the face value of thezero-coupon bond.

20-year bond at

7.74% (compounded semiannually); price $8250

The face value of thezero-coupon bond will be $

(round to the nearest dollar please)

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