If an investment company pays 6.5% compounded semi – annually, how much should you deposit now to have 100,000Php 4 years from now? A 77,074.42Php 77,442.07Php 77,027.40Php (D 77,424.70Php

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 5RE: A retirement account is opened with an initialdeposit of 8,500 and earns 8.12 interest compounded...
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Q12
If an investment company pays 6.5% compounded semi – annually, how much should you deposit
now to have 100,000Php 4 years from now?
A
77,074.42Php
B
77,442.07Php
77,027.40Php
(D)
77,424.70Php
Transcribed Image Text:If an investment company pays 6.5% compounded semi – annually, how much should you deposit now to have 100,000Php 4 years from now? A 77,074.42Php B 77,442.07Php 77,027.40Php (D) 77,424.70Php
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