Multiple Choice
Shane wants to invest money in a 6% CD that compounds semiannually.Shane would like the account to have a balance of $100,000 four years from now.How much must Shane deposit to accomplish his goal?
A) $88,848.
B) $78,941.
C) $25,336.
D) $22,510.
Correct Answer:
Verified
Correct Answer:
Verified
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