I dont understand what math formula to use

I dont understand what math formula to use

Question # 00045766 Posted By: vronyai Updated on: 02/01/2015 05:08 PM Due on: 02/01/2015
Subject Mathematics Topic General Mathematics Tutorials:
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You want $20,000 in 5 years to take your spouse on a second honeymoon.  Your investment account earns 7% compounded semiannually.  How much money must you put in the investment account today? (round to the nearest $1)

What would be the formula to use?
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  1. shortone
    Tutorial # 00044124 Posted By: shortone Posted on: 02/01/2015 07:25 PM
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