Multiple Choice
Hao made a single investment which,after 5 years invested at 12% compounded semiannually,has accumulated to $214,900.How much did Hao invest initially? (PV of $1,FV of $1,PVA of $1,and FVA of $1)
A) $214,896
B) $160,584
C) $211,476
D) $120,000
E) $ 21,486
Correct Answer:

Verified
Correct Answer:
Verified
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