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Question 40

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Use the following to answer questions
Present and future value tables of $1 at 3% are presented below:
Use the following to answer questions Present and future value tables of $1 at 3% are presented below: -Carol wants to invest money in a 6% CD account that compounds semiannually.Carol would like the account to have a balance of $50,000 five years from now.How much must Carol deposit to accomplish her goal? A) $35,069. B) $43,131. C) $37,220. D) $35,000.
-Carol wants to invest money in a 6% CD account that compounds semiannually.Carol would like the account to have a balance of $50,000 five years from now.How much must Carol deposit to accomplish her goal?


A) $35,069.
B) $43,131.
C) $37,220.
D) $35,000.

Correct Answer:

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