Respuesta :

jlpbossluis

Answer:

$797.19

Step-by-step explanation:

We use the formula for Future Value of Money

[tex]FV=PV(1+i)^n\\\\[/tex]

FV=1,000

i=12%

n=2

[tex]FV=PV(1+i)^n\\\\1,000=PV(1+0.12)^2\\\\1,000=PV(1.12)^2\\\\\frac{1,000}{(1.12)^2} =PV\\\\797.19=PV[/tex]

So the initial investment has to be 797.19