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Carol wants to invest money in a 6% CD that compounds semiannually. Carol would like the account to have a balance of $55.000 wo years
Carol wants to invest money in a 6% CD that compounds semiannually. Carol would like the account to have a balance of $55.000 wo years from now How much must Carol deposit to accomplish her goal? EV 051.51 EVA of and PVA of $1 (Use appropriate factors from the tables provided) Multiple Choice $48.950 $48.400 $22.500 $48,867
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