27. A principal amount of $100,000 was invested at 8% compounded semiannually for five years. Find the total future value of the investment. a) b) $140,000.00 $149,932.81 $148,024.43 $148,594.74 $150,000.00 d) 28. An investor recently purchased a 5-tear certificate of deposit (CD) for $25,000. The total future value and compound interest earned will be highest if the CD is compounded: a) b) c) d) e) annually semiannually quarterly monthly daily 29. An investor will receive a payment of $1,000,000 ten years from now. Funds can be invested at 6% compounded monthly. Find the present value of the future payment. b) $600,000.00 $558, 394.78 $ 553, 675.75 $551, 262.32 $549,632.73 30. A certificate of deposit was purchased 2 years ago. The CD has earned 6% compounded quarterly and the value of CD now is $5,973.95. Find the initial investment in the CD. c) $5,100 $5,200 $5,300 $5,400 $5,500