Carol wants to invest money in a 6% CD account that compounds semiannually. Carol would like...
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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 5-years from now. How much must Carol deposit to accomplish her goal? Mutiple Choice $32204. $35,154 $39,610 $48,410 Present and future value tables of $1 at 3% are presented below: PV $1 FVAD $1 PVAD $1 1.0300 N FV $1 FVA $1 PVA $1 1.0000 0.97087 1 1.03000 0.97087 2 1.06090 0.94260 3 1.09273 0.91514 1.12551 0.88849 5 1.15927 e.86261 6 1.19405 0.83748 7 1.22987 0.81309 8 1.26677 0.78941 9 1.30477 0.76642 10.1591 10 1.34392 0.74409 11.4639 8.53020 11 1.38423 0.72242 12 1.42576 0.70138 14.1920 13 1.46853 0.68095 15.6178 18.63496 14 1.51259 0.66112 17. 0863 11.29607 15 1.55797 0.64186 18.5989 11.93794 16 1.60471 0.62317 1.00000 2.0300 1.91347 2.0909 1.97087 3.0909 2.82861 3.1836 4.3091 2.91347 4 4.1836 3.71710 3.82861 5.3091 4.57971 5.4684 4.71710 6.4684 5.41719 6.6625 5.57971 7.6625 6.23028 7.8923 6.41719 8.8923 7.01969 7.78611 9.1591 7.23028 10.4639 8.01969 11.8078 8.78611 12.8078 9.25262 13.1920 9.53020 14.6178 10.25262 16.8863 10.95400 17.5989 11.63496 9.95400 20.1569 12.56110 20.7616 12.93794 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 5-years from now. How much must Carol deposit to accomplish her goal? Mutiple Choice $32204. $35,154 $39,610 $48,410 Present and future value tables of $1 at 3% are presented below: PV $1 FVAD $1 PVAD $1 1.0300 N FV $1 FVA $1 PVA $1 1.0000 0.97087 1 1.03000 0.97087 2 1.06090 0.94260 3 1.09273 0.91514 1.12551 0.88849 5 1.15927 e.86261 6 1.19405 0.83748 7 1.22987 0.81309 8 1.26677 0.78941 9 1.30477 0.76642 10.1591 10 1.34392 0.74409 11.4639 8.53020 11 1.38423 0.72242 12 1.42576 0.70138 14.1920 13 1.46853 0.68095 15.6178 18.63496 14 1.51259 0.66112 17. 0863 11.29607 15 1.55797 0.64186 18.5989 11.93794 16 1.60471 0.62317 1.00000 2.0300 1.91347 2.0909 1.97087 3.0909 2.82861 3.1836 4.3091 2.91347 4 4.1836 3.71710 3.82861 5.3091 4.57971 5.4684 4.71710 6.4684 5.41719 6.6625 5.57971 7.6625 6.23028 7.8923 6.41719 8.8923 7.01969 7.78611 9.1591 7.23028 10.4639 8.01969 11.8078 8.78611 12.8078 9.25262 13.1920 9.53020 14.6178 10.25262 16.8863 10.95400 17.5989 11.63496 9.95400 20.1569 12.56110 20.7616 12.93794
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Related Book For
Finite Mathematics and Its Applications
ISBN: 978-0134768632
12th edition
Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair
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