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Present and future value tables of $1 at 3% are presented below: N PV $1 FV $1 1.03000 FVA $1 1.0000 PVA $1 0.97087 FVAD
Present and future value tables of $1 at 3% are presented below: N PV $1 FV $1 1.03000 FVA $1 1.0000 PVA $1 0.97087 FVAD $1 1.0300 PVAD $1 1.00000 1 0.97087 2 1.06090 0.94260 2.0300 1.91347 1.97087 2.0909 3.1836 3 0.91514 2.91347 1.09273 1.12551 3.0909 4.1836 2.82861 3.71710 4 0.88849 4.3091 3.82861 5 1.15927 0.86261 5.3091 5.4684 4.57971 5.41719 6 0.83748 6.6625 1.19405 1.22987 6.4684 7.6625 4.71710 5.57971 6.41719 7 0.81309 6.23028 7.8923 8 1.26677 8.8923 7.01969 9.1591 7.23028 9 0.78941 0.76642 0.74409 1.30477 1.34392 7.78611 10.1591 11.4639 8.01969 8.78611 10 8.53020 11 0.72242 12.8078 9.25262 10.4639 11.8078 13.1920 14.6178 16.0863 1.38423 1.42576 1.46853 9.53020 10.25262 0.70138 12 13 14.1920 9.95400 10.63496 0.68095 15.6178 10.95400 14 1.51259 0.66112 17.0863 11.29607 17.5989 11.63496 15 1.55797 0.64186 18.5989 11.93794 19.1569 12.29607 12.93794 16 1.60471 0.62317 20.1569 12.56110 20.7616 Shane wants to invest money in a 6% CD account that compounds semiannually. Shane would like the account to have a balance of $170,000 8-years from now. How much must Shane deposit to accomplish his goal
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