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Find the Amount That Should Be Invested Now to Accumulate $9000\$ 9000

Question 49

Multiple Choice

Find the amount that should be invested now to accumulate the following amount, if the money is compounded asindicated.
- $9000\$ 9000 at 6%6 \% compounded semiannually for 4yr4 \mathrm{yr}


A) $7104.68\$ 7104.68
B) $1895.32\$ 1895.32
C) $11,400.93\$ 11,400.93
D) $7128.84\$ 7128.84

Correct Answer:

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