Question

how much do i need to deposit to get 25000 in 6years 5%compounded semiannually, what is the formula thank you in advance

Answer 1

A = P(1+r/n)^nt

Answer 2

A = Final Amount
P = Principle (starting balance)
r = Interest rate (as a decimal)
n = number of compounds per year
t = time (in years)

Answer 3

\[a=p(1+\frac{ r }{n })^{nt}\]