how much money should be deposited in an account that earns 7% compound semiannually so that it will accumulate to $10000 in three years

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how much money should be deposited in an account that earns 7% compound semiannually so that it will accumulate to $10000 in three years?

Guest Sep 18, 2014

+118654

+5

Best Answer

Use the compound interest formula

FV=P(1+r)^n

Melody Sep 19, 2014

Melody · Answer 1 · 2014-09-19T08:36:10

Use the compound interest formula

FV=P(1+r)^n