FUTURE AMT NEEDED $2000 INT RATE 2% COMPOUNDING SEMIANNUALLY INVEST TIME 5 years

Posted full qestion as a reply to 1st answer. FUTURE AMT NEEDED $2000 INT RATE 2% COMPOUNDING SEMIANNUALLY  INVEST TIME 5 years
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1 Answer

yu need tu tell us the basik rulls, such as

1. du yu start with x $ & then kompound interest oenllee????

2. or du yu add $ at regulat time steps??????

if kompound oenlee & 2 times a yeer for 5 yeers & 2%...

yu get (end$/start$)=1.01^10

=1.1046221254112045
by
The problem reads- Find the AMOUNT that should be SET ASIDE TODAY to yield desired FUTURE amount. Future amount needed $2000. Interest Rate 2%. Compounded Semiannually. Investment time 5  years.
I need this broken down step by step.
Thanks for the help! :)
by Level 1 User (120 points)

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