Asked by Tracy
P=A (1+r)6 -n
P=2000 (1+0.05) ^-n
P=2000 (1.05)^ -12
=?
P=2000 (1+0.05) ^-n
P=2000 (1.05)^ -12
=?
Answers
Answered by
Steve
what, no calculator?
1113.67
I assume you wanted to know what to invest at 10% compounded semi-anually for 6 years, to end up with $2000?
1113.67
I assume you wanted to know what to invest at 10% compounded semi-anually for 6 years, to end up with $2000?
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