174k views
1 vote
Mia kaminsky wants to attend riverside community college. she'll need to have $25,000 six years from today. mia is wondering what she'll have to put in the bank today so that she'll have $25,000 six years from now. her bank pays 5% compounded semiannually. using the tables in the business math handbook that accompanies the course textbook, determine the amount mia needs to deposit today.

User Sighingnow
by
4.8k points

2 Answers

1 vote

Mia needs to deposit

$18,588.90


User Indraneel Bende
by
5.1k points
4 votes

Answer:

Please see attachment

Step-by-step explanation:

Please see attachment

Mia kaminsky wants to attend riverside community college. she'll need to have $25,000 six-example-1
User Sumit Parakh
by
5.6k points