How much money should  be invested in an account that earns 9% interest, compounded semiannually, in order to have $20,000 in 5 years?

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 6RE: Hsu-Mei wants to save 5,000 for a down paymenton a car. To the nearest dollar, how much will sheneed...
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How much money should  be invested in an account that earns 9% interest, compounded semiannually, in order to have $20,000 in 5 years?

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