3000 = P(1 + 0.051/2)2(5)
P = 3000/[(1 + 0.051/2)10]
P = $2332.19
Jasmin Q.
asked • 04/20/20How much would you need to deposit in an account now in order to have $3000 in the account in 5 years? Assume the account earns 5.1% interest compounded semi-annually.
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Jasmin Q.
Thank you!04/20/20