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Carol wants to invest money in an investment account paying 10% interest compounding semi-annually. Carol would like the account to have a balance of
Carol wants to invest money in an investment account paying 10% interest compounding semi-annually. Carol would like the account to have a balance of $51,000 four years from now. How much must Carol deposit to accomplish her goal? Note: Use tables, Excel, or a financial calculator. Round your final answer to the nearest whole dollar. (EV of $1 PV of $1. EVA of $1, and PVA of $1). Multiple Choice $25,500 $30,600 $34,834 $34,519
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