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Present and future value tables of $1 at 3% are presented below: N 1 FV $1 1.03000 PV $1 0.97087 FVA $1 1.0000 PVA $1
Present and future value tables of $1 at 3% are presented below: N 1 FV $1 1.03000 PV $1 0.97087 FVA $1 1.0000 PVA $1 0.97087 FVAD $1 1.0300 PVAD $1 1.00000 2 1.06090 0.94260 2.0300 1.91347 2.0909 1.97087 3 1.09273 0.91514 3.0909 2.82861 3.1836 2.91347 4 1.12551 0.88849 4.1836 5 1.15927 0.86261 5.3091 6 1.19405 0.83748 7 1.22987 0.81309 8 9 1.26677 0.78941 1.30477 0.76642 10 1.34392 0.74409 11 1.38423 0.72242 12 1.42576 0.70138 13 1.46853 0.68095 14 1.51259 0.66112 15 1.55797 0.64186 16 1.60471 0.62317 3.71710 4.3091 3.82861 4.57971 5.4684 4.71710 6.4684 5.41719 6.6625 5.57971 7.6625 6.23028 7.8923 6.41719 8.8923 7.01969 9.1591 7.23028 10.1591 7.78611 10.4639 8.01969 11.4639 8.53020 11.8078 8.78611 12.8078 9.25262 13.1920 9.53020 14.1920 9.95400 14.6178 10.25262 15.6178 10.63496 16.0863 10.95400 17.0863 11.29607 17.5989 11.63496 18.5989 11.93794 19.1569 12.29607 20.1569 12.56110 20.7616 12.93794 Carol wants to invest money in a 6% CD account that compounds semiannually. Carol would like the account to have a balance of $130,000 3-years from now. How much must Carol deposit to accomplish her goal? Multiple Choice $122,477. $111,678
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