Multiple Choice
You have a goal of having $100,000 five years from today. The return on the investment is expected to be 10% and will be compounded semi-annually. The amount that needs to be invested today is closest to:
A) $61,390.
B) $62,090.
C) $78,350.
D) $38,550.
Correct Answer:
Verified
Correct Answer:
Verified
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