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Carol Wants to Invest Money in a 6% CD That

Question 1

Multiple Choice

Carol wants to invest money in a 6% CD that compounds semiannually.Carol would like the account to have a balance of $50,000 five years from now.How much must Carol deposit to accomplish her goal?


A) $35,069.
B) $43,131.
C) $37,205.
D) $35,000.

Correct Answer:

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