Multiple Choice
The solution to this problem requires time value of money calculations.Reference to Tables 9-1 through 9-4 in the text is necessary to complete the calculations.
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A company will have to pay a $50,000 liability in four years.How much must be deposited now into a bank account earning 8% compounded semiannually to fully fund the future payment?
A) $34,000
B) $35,500
C) $36,523
D) $36,550
Correct Answer:
Verified
Correct Answer:
Verified
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