Chris is saving for a down payment to buy a house. The account earns 3.9% interest compounded semi-annually, and he wants to have $8,000 in 10 years. What must his principal be? Round your answer to the nearest cent. Do not round at any other point in the solving process; only round your answer.

$5436.82

Step-by-step explanation:

8000 = P(1 + .039/2)^10*2

i am sorry it just submitted an answer but the answer is 365 boys. hopes this

step-by-step explanation:

u = -(6/7)w

step-by-step explanation:

place all values with 'u' on one side of the equation.

4u + 8w = - 3u + 2w

4u + 3u = 2w - 8w

further simplify the equation by solving the addition and subtraction.

7u = - 6w

make 'u' the independent variable by placing its co-efficient on the right-hand side.

u = - (6/7)w