Mia received a gift of $8,200 at the time of her high school graduation. She invests it in an account that yields 10% compounded semi-annually. What will the value of Mias investment be at the end of 5 years? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.)

Multiple Choice

• $12,300.00

• $9,020.00

• $13,356.98

• $10,250.00

• $11,480.00

Maria invests a sum of money today that will yield $14,000 at the end of 6 years. Assuming she can earn an interest rate of 6% compounded annually, how much must she invest today? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.)

Multiple Choice

• $9,870

• $13,160

• $8,400

• $12,328

• $11,628