Answer:The question is incomplete.; This is the complete question.
An investment company pays 9% compounded semiannually. You want to have $ 19,000 in the future, how much should you deposit now to have that amount 5 years from now.
Answer.
The amount he should deposit now to have that amount in 5 years is $8,025.80
Step-by-step explanation:
By using the compound interest formula
A= p[1+ r/100]^n
A= 19000, r=9%, n= 2×5=10
19000=p[1+0.09]^10
19000= p[1.09]^10
P= 19000/(1.09]^10
P=$8,025.80
