Question

In the table below, P represents the initial investment. Complete the table below giving the amount P

that must be invested at interest rate 11.5 % compounded semiannually to obtain a balance of A = $ 50000

in t years.

Round your answer to the nearest cent or two decimal places.

t

P

1

10

20

30

$

$

$

S

40 $

$

50

Question image 1