Question: The answer is C please give a good explanation on why it is C 5) Present and future value tables of $1 at 3% are

The answer is C please give a good explanation on why

The answer is C please give a good explanation on why it is C

5) Present and future value tables of $1 at 3% are presented below: Carol wants to invest money in a 6%CD account that compounds semiannually. Carol would like the account to have a balance of $130,000 4-years from now. How much must Carol deposit to accomplish her goal? A) $112,628 B) $104,629. C) $102,623. D) $100,573

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