Multiple Choice
You want $20,000 in 5 years to take your spouse on a second honeymoon.Your investment account earns 7% compounded semiannually.How much money must you put in the investment account today? (Round to the nearest $1.)
A) $14,178
B) $12,367
C) $15,985
D) $13,349
Correct Answer:
Verified
Correct Answer:
Verified
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