Pinnacle Homes, a real estate development company, is planning to build five homes, each costing $125,000, in 2 1/2 years. The Galaxy Bank pays 6% interest compounded semiannually. How much should the company invest now to have sufficient funds to build the homes in the future?

Answer 1

amount(1.03)^5 = 5(125000)

I got $ 539,130.49

Answer 2

post it.