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Chris wants to accumulate $108,000 in 4 years. He plans on making equal semiannual deposits into an investment account that earns 6% semiannually in order

Chris wants to accumulate $108,000 in 4 years. He plans on making equal semiannual deposits into an investment account that earns 6% semiannually in order to reach his goal. How much must Chris invest every six months? (PV of $1. FV of $1, PVA of $1, and FVA of $1 (Use appropriate factor(s) from the tables provided.) Multiple Choice $13,069.06 S13,90071 S12345.34 $13,500.00 $15,385.32

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