Multiple Choice
Present and future value tables of $1 at 3% are presented below:
-Shane wants to invest money in a 6% CD account that compounds semiannually. Shane would like the account to have a balance of $100,000 four years from now. How much must Shane deposit to accomplish his goal?
A) $88,849.
B) $78,941.
C) $25,336.
D) $22,510.
Correct Answer:

Verified
Correct Answer:
Verified
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