goal?

N

goal?

Note: Use tables, Excel, or a financlal 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

$$37,566$

$$33,000$

$$37,226$

$$27,500$

ote: Use tables, Excel, or a financlal 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

$$37,566$

$$33,000$

$$37,226$

$$27,500$

Shane wants to invest money in an investment account paying $6\%$ interest compounding semiannually. Shane would like the account to have a balance of $$120,000$

four years from now. How much must Shane deposit to accomplish his 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

$$94,729$

$$106,618$

$$14,400$

$$28,800$