Mathematics, 22.12.2021 14:20 Tink2334

Mr. E wants to have $200,000 in 5 years (when he retires) from an investment that earns 6.5% compounded semi-annually. How much will he need to invest now? (You are finding
the principal P)

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Mr. E wants to have $200,000 in 5 years (when he retires) from an investment that earns 6.5% compo...

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Mr. E wants to have $200,000 in 5 years (when he retires) from an investment that earns 6.5% compounded semi-annually. How much will he need to invest now? (You are finding the principal P)

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Another question on Mathematics

Mr. E wants to have $200,000 in 5 years (when he retires) from an investment that earns 6.5% compounded semi-annually. How much will he need to invest now? (You are finding
the principal P)