An investment company pays 4% compounded semiannually. You want to have $10,000 in the future. (A) How much should you deposit now to have that amount 5 years from now? $ 8,203.48 (Round to the nearest cent.) (B) How much should you deposit now to have that amount 10 years from now? $ (Round to the nearest cent.)

An investment company pays 4% compounded semiannually. You want to have $10,000 in the future. (A) How much should you deposit now to have that amount 5 years from now? $ 8,203.48 (Round to the nearest cent.) (B) How much should you deposit now to have that amount 10 years from now? $ (Round to the nearest cent.)

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 9EB: If you invest $15,000 today, how much will you have in (for further instructions on future value in...

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