If an investment company pays 6% compounded semiannually, how much should you deposit now to have $10,000 5 years from now?

Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Exponential And Logarithmic Functions
Section11.2: Applications Of Exponential Functions
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. If an investment company pays 6% compounded semiannually, how much should you deposit
now to have $10,.000 5 years from now?
Transcribed Image Text:. If an investment company pays 6% compounded semiannually, how much should you deposit now to have $10,.000 5 years from now?
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