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Present and future value tables of $1 at 3% are presented below: PVA $1 FVA $1 1.0000 2.0300 3.0909 4.1836 5.3091 0.97087 1.91347 2.82861 3.71710
Present and future value tables of $1 at 3% are presented below: PVA $1 FVA $1 1.0000 2.0300 3.0909 4.1836 5.3091 0.97087 1.91347 2.82861 3.71710 4.57971 5.41719 N FV $1 PV $1 1 1.03000 0.97087 2 1.06090 0.94260 3 1.09273 0.91514 4 1.12551 0.88849 5 1.15927 0.86261 6 1.19405 0.83748 7 1.22987 0.81309 8 1.26677 0.78941 9 1.30477 0.76642 10 1.34392 0.74409 11 1.38423 0.72242 12 1.42576 0.70138 131.46853 0.68095 141.51259 0.66112 15 1.55797 0.64186 16 1.60471 0.62317 6.4684 7.6625 8.8923 10.1591 11.4639 6.23028 7.01969 7.78611 8.53020 9.25262 9.95400 FVAD $1 PVAD $1 1.0300 1.00000 2.0909 1.97087 3.1836 2.91347 4.3091 3.82861 5.4684 4.71710 6.6625 5.57971 7.8923 6.41719 9.1591 7.23028 10.4639 8.01969 11.8078 8.78611 13.1920 9.53020 14.6178 10.25262 16.0863 10.95400 17.5989 11.63496 19.1569 12.29607 20.7616 12.93794 10.63496 12.8078 14.1920 15.6178 17.0863 18.5989 20.1569 11.29607 11.93794 12.56110 Carol wants to invest money in a 6% CD account that compounds semiannually. Carol would like the account to have a balance of $60,000 4-years from now. How much must Carol deposit to accomplish her goal
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