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Shane wants to invest money in a 6% certificate of deposit account that compounds semiannually. Shane would like the account to have a balance of
Shane wants to invest money in a 6% certificate of deposit account that compounds semiannually. Shane would like the account to have a balance of $100,000 four years from now. How much must Shane deposit to accomplish his goal?
Group of answer choices
$22,510.
$25,336.
$88,849.
$78,941.
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