Gracie Shay wants to buy a new Hummer in five years. Gracie estimates the cost of the Hummer will be $28,000. If she invests $12,000 now at a rate of 6% compounded semiannually, she:
A) Will have enough money
B) Will have exactly $16,000
C) Will have $18,000
D) Will not have enough money
E) None of these
Correct Answer:
Verified
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