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7. Hao made a single investment which, after 5 years invested at 10% compounded semiannually, has accumulated to $231,900. How much did Hao invest initially?

7. Hao made a single investment which, after 5 years invested at 10% compounded semiannually, has accumulated to $231,900. How much did Hao invest initially? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.)

Multiple Choice

  • $231,895

  • $165,791

  • $228,648

  • $142,363

  • $10,714

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