What initial investment at 8.5% compounded semiannually for 3 years will accumulate to $15,000? (Round your answer to two decimal places.) $ _________________

College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 25E
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What initial investment at 8.5% compounded semiannually for 3 years will accumulate to $15,000? (Round your answer to two decimal places.)

$ _________________

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