Share
Explore BrainMass

Compound Interest : How much should be invested at 8% compounded semiannually in order to have $5000 at the end of 8 years?

How much should be invested at 8% compounded semiannually in order to have $5000 at the end of 8 years?

A. $4215.27
B. $9364.91
C. $2669.54
D. $3048.78

Solution Summary

A compound interest investment problem is solved.

$2.19