Present and future values of $$1$ at $3\%$ are presented below:

$\backslash$table$[[N,$FV $$1,$PV $$1,$FVA $$1,$PVA $$1,$FVAD $$1,$PVAD $$1],[1,1\mathrm{.}03000,0\mathrm{.}97087,1\mathrm{.}0000,0\mathrm{.}97087,1\mathrm{.}0300,1\mathrm{.}00000],[2,1\mathrm{.}06090,0\mathrm{.}94260,2\mathrm{.}0300,1\mathrm{.}91347,2\mathrm{.}0909,1\mathrm{.}97087],[3,1\mathrm{.}09273,0\mathrm{.}91514,3\mathrm{.}0909,2\mathrm{.}82861,3\mathrm{.}1836,2\mathrm{.}91347],[4,1\mathrm{.}12551,0\mathrm{.}88849,4\mathrm{.}1836,3\mathrm{.}71710,4\mathrm{.}3091,3\mathrm{.}82861],[5,1\mathrm{.}15927,0\mathrm{.}86261,5\mathrm{.}3091,4\mathrm{.}57971,5\mathrm{.}4684,4\mathrm{.}71710],[6,1\mathrm{.}19405,0\mathrm{.}83748,6\mathrm{.}4684,5\mathrm{.}41719,6\mathrm{.}6625,5\mathrm{.}57971],[7,1\mathrm{.}22987,0\mathrm{.}81309,7\mathrm{.}6625,6\mathrm{.}23028,7\mathrm{.}8923,6\mathrm{.}41719],[8,1\mathrm{.}26677,0\mathrm{.}78941,8\mathrm{.}8923,7\mathrm{.}01969,9\mathrm{.}1591,7\mathrm{.}23028],[9,1\mathrm{.}30477,0\mathrm{.}76642,10\mathrm{.}1591,7\mathrm{.}78611,10\mathrm{.}4639,8\mathrm{.}01969],[10,1\mathrm{.}34392,0\mathrm{.}74409,11\mathrm{.}4639,8\mathrm{.}53020,11\mathrm{.}8078,8\mathrm{.}78611],[11,1\mathrm{.}38423,0\mathrm{.}72242,12\mathrm{.}8078,9\mathrm{.}25262,13\mathrm{.}1920,9\mathrm{.}53020],[12,1\mathrm{.}42576,0\mathrm{.}70138,14\mathrm{.}1920,9\mathrm{.}95400,14\mathrm{.}6178,10\mathrm{.}25262],[13,1\mathrm{.}46853,0\mathrm{.}68095,15\mathrm{.}6178,10\mathrm{.}63496,16\mathrm{.}0863,10\mathrm{.}95400],[14,1\mathrm{.}51259,0\mathrm{.}66112,17\mathrm{.}0863,11\mathrm{.}29607,17\mathrm{.}5989,11\mathrm{.}63496],[15,1\mathrm{.}55797,0\mathrm{.}64186,18\mathrm{.}5989,11\mathrm{.}93794,19\mathrm{.}1569,12\mathrm{.}29607],[16,1\mathrm{.}60471,0\mathrm{.}62317,20\mathrm{.}1569,12\mathrm{.}56110,20\mathrm{.}7616,12\mathrm{.}93794]]$

Bill wants to give Maria a $$500,000$ gift in seven years. If money is worth $6\%$ compounded semiannually, what is Maria's gift worth today?

Multiple Choice