Question
Shane wants to invest money in a 6% CD account that compounds semiannually. Shane would like the account to have a balance of $160,000 in
Shane wants to invest money in a 6% CD account that compounds semiannually. Shane would like the account to have a balance of $160,000 in 6 years. How much must Shane deposit to achieve his goal?
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Principles of Finance
Authors: Scott Besley, Eugene F. Brigham
6th edition
9781305178045, 1285429648, 1305178041, 978-1285429649
