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Present and Future Value Tables of $1 at 3% Are

Question 78

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Present and future value tables of $1 at 3% are presented below:
Present and future value tables of $1 at 3% are presented below:   -Carol wants to invest money in a 6% CD account that compounds semiannually. Carol would like the account to have a balance of $50,000 five years from now. How much must Carol deposit to accomplish her goal? A)  $35,069. B)  $43,131. C)  $37,205. D)  $35,000.
-Carol wants to invest money in a 6% CD account that compounds semiannually. Carol would like the account to have a balance of $50,000 five years from now. How much must Carol deposit to accomplish her goal?


A) $35,069.
B) $43,131.
C) $37,205.
D) $35,000.

Correct Answer:

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