Chris Wants to Accumulate $100,000 in 5 Years $\bold{\text{(Use appropriate factor(s)from the tables provided.)}}$

Multiple Choice

Chris wants to accumulate $100,000 in 5 years.He plans on making equal semiannual deposits into an investment account that earns 12% semiannually in order to reach his goal.How much must Chris invest every six months? (PV of $1,FV of $1,PVA of $1,and FVA of $1) $\bold{\text{(Use appropriate factor(s) from the tables provided.) }}$

A) $24,331.19
B) $10,153.39
C) $13,586.77
D) $10,000.00
E) $7,586.79