Find how much money needs to be deposited now into an account to obtain $8,000 (Future Value) in 9 years if the interest rate is 2.5% per year compounded semi-annually (2 times per year). The final amount is $ Round your answer to 2 decimal places Question Help: D Video O Message instructor Submit Question
Find how much money needs to be deposited now into an account to obtain $8,000 (Future Value) in 9 years if the interest rate is 2.5% per year compounded semi-annually (2 times per year). The final amount is $ Round your answer to 2 decimal places Question Help: D Video O Message instructor Submit Question
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 8RE: Suppose an investment account is opened with aninitial deposit of 10,500 earning 6.25...
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