An investment company pays 4​%compounded semiannually. You want to have $19,000in the future. ​(B) How much should you deposit now to have that amount 10 years from now​?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 56SE: To get the best loan rates available, the Riches want to save enough money to place 20% down on a...
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An investment company pays 4​%compounded semiannually. You want to have $19,000
in the future.
​(B)
How much should you deposit now to have that amount 10 years from
now​? 
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