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Carol wants to invest money in an investment account paying 12% interest compounding semi-annually. Carol would like the account to have a balance of $54,000

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Carol wants to invest money in an investment account paying 12% 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 $38,068 $34,560 $27,000 $38,436

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