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) (Use appropriate factor(s) from the tables provided.)
A) $ 21,486
B) $214,896
C) $120,000
D) $160,584
E) $211,476
Correct Answer:
Verified
Correct Answer:
Verified
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