asked 174k views
1 vote
Mia kaminsky wants to attend riverside community college. she'll need to have $25,000 six years from today. mia is wondering what she'll have to put in the bank today so that she'll have $25,000 six years from now. her bank pays 5% compounded semiannually. using the tables in the business math handbook that accompanies the course textbook, determine the amount mia needs to deposit today.

2 Answers

1 vote

Mia needs to deposit

$18,588.90


answered
User Indraneel Bende
by
8.1k points
4 votes

Answer:

Please see attachment

Step-by-step explanation:

Please see attachment

Mia kaminsky wants to attend riverside community college. she'll need to have $25,000 six-example-1
answered
User Sumit Parakh
by
8.2k points
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