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If you wish to accumulate $220,000 in 5 years, how much must you deposit today in an account that pays annual interest rate of 12%

If you wish to accumulate $220,000 in 5 years, how much must you deposit today in an account that pays annual interest rate of 12% with semi-annual compounding of interest? $122,847 O 109,847 $108,110 121,937
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If you wish to accumulate $220,000 in 5 years, how much must you deposit today in an account that pays annual interest rate of 12% with semi-annual compounding of interest? $122,847 109,847 $108,110 121,937

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