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Shane wants to invest money in a 6% CD that compounds semiannually. Shane would like the account to have a balance of $160,000 four years
Shane wants to invest money in a 6% CD that compounds semiannually. Shane would like the account to have a balance of $160,000 four years from now. How much must Shane deposit to accomplish his goal? (EV of $1. PV of $1, EVA of $1. and PVA of $1). (Use appropriate factor(s) from the tables provided.) Multiple Choice $142.158 $19,200 $38,400 $126,306
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