Multiple Choice
Carol wants to invest money in a 6% CD 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) $37,205.
D) $35,000.
Correct Answer:
Verified
Correct Answer:
Verified
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