ow much money should be deposited today in an account that

Last updated: 10/2/2023

ow much money should be deposited today in an account that earns 5 compounded semiannually so that it will accumulate to Click the icon to view some finance formulas me amount of money that should be deposited is Cound up to the nearest cent Formulas In the provided formulas A is the balance in the account after t years P is the principal investment r is the annual interest rate in decimal form n is the number of compounding periods per year and Y is the investment s effective annual yield in decimal form A P 1 1 nt COOEE P A nt 1 A Pert Y 1 5 1 X