Question

Gracie Shay wants to buy a new Hummer in 5 years. Gracie estimates the cost of the Hummer will be $28,000. If she invests $12,000 now, at a rate of 6 percent compounded semiannually, she need what amount of money?

Answer 1

not clear what this is asking. if she invests $12,000 at 6% semianually for 5 years she will have
\[\$12,000(1.03)^{10}\]