Send to a Friend

Melody12234's avatar

Math help? (Finance)

How much money should be deposited today in an account that earns 6% compounded semiannually so that it will accumulate to $9000 in 2 years?

I know the answer is $10,129.58 although I don’t really know where to start… What am I supposed to do in order to achieve this answer? Thanks!

Using Fluther

or

Using Email

Separate multiple emails with commas.
We’ll only use these emails for this message.

Mobile | Desktop


Send Feedback   

`