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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 $54,000

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 $54,000 three 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. (FV of $1, PV of $1, FVA of $1, and PVA of $1). Multiple Choice $37,800 $40,296 $40,571 $27,000

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