Question: Please explain how you got the answer and show the work needed, thank you! 16) Ms. Angel Pretzel wants to buy a new car in

Please explain how you got the answer and show the work needed, thank you!

Please explain how you got the answer and show the work needed,

16) Ms. Angel Pretzel wants to buy a new car in 4 years. She knows that she can earn 12% interest compounded semi-annually. How much must she deposit now in order to have $30,000 at the end of 4 years? Use Table PV-1. EXHIBIT B-7 Table PV-1 Present Value of $1 Present Values of $1 Due In n Periods Discount Rate Number of Periods (2) 6% 10% 12- 15% 20% 1052 197 712 570 792 735 572 784 747 621 567 0-42 564 432 235 1901 923 637 627 540 467 327 10 862 614 558 460 322 247 20 820 312 104 OUT 026 24 700 2 158 06 035 1013 032 017 007 001 A) $22,390.00 *B) $18,810.00 C) $38,413.00 D) $19,080.00

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