Question
I wants to have $6000 to go on vacation. I have decided to invest a lump-sum into an account that pays 9.5% interest compounded semiannual
I wants to have $6000 to go on vacation. I have decided to invest a lump-sum into an account that pays 9.5% interest compounded semiannual and he plans to leave it in this account for 5 years. How much should he invest now so that after 5 years he has the required $6000, round to the nearest dollar amount?
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Larson Algebra 1 California
Authors: Ron Larson, Laurie Boswell, Timothy D. Kanold, Lee Stiff
1st Edition
0618811761, 9780618811762
