Question
invest 5% compounded semiannually I want to have 23,000 in the future how much I will deposit now to have that amount 5 years from now
Answers
Reiny
PV(1.025)^10 = 23000
PV = 23000/1.025^10 = 17967.56
PV = 23000/1.025^10 = 17967.56