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Shane wants to invest money in a 8% CD that compounds semiannually. Shane would like the account to have a balance of $180,000 two years
Shane wants to invest money in a 8% CD that compounds semiannually. Shane would like the account to have a balance of $180,000 two years from now. How much must Shane deposit to accomplish his goal? (FV of $1. PV of $1. EVA of $1. and PVA of $1. (Use appropriate factor(s) from the tables provided.)
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