Question

If you need $5,000 in 4 years’ time and your investment generate 6% interest per year, compounded semi-annually, how much do you need to put away today?

Answer 1

Answer:

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Explanation:

hi hi hi hi hi hi hi hi hi hi hi hi hi hi hi hi hi hi hi hi hi hi hi hi hi hi hi hi hi hi hi hi hi hi hi hi hi hi hi hi hi hi hi hi hi hi hi hi hi hi hi hi hi hi hi hi hi hi hi hi hi hi hi hi hi hi hi