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How much money should be deposited today in an account that earns 4% compounded semiannually so that it will accumulate to $10,000 in three years ( Round up to the nearest cent)…

How much money should be deposited today in an account that earns 4% compounded semiannually so that it will accumulate to $10,000 in three years ( Round up to the nearest cent)…
asked 183k views
4 votes
how much money should be deposited today in an account that earns 4% compounded semiannually so that it will accumulate to $10,000 in three years ( Round up to the nearest cent)?

asked
User BobbyDazzler
by
8.6k points

1 Answer

7 votes
The answer is 40,000
answered
User Jvtech
by
8.5k points
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