Question
TB MC Qu. 5-52 (Algo) Carol wants to invest money in an... Carol wants to invest money in an investment account paying 4% interest
TB MC Qu. 5-52 (Algo) Carol wants to invest money in an... Carol wants to invest money in an investment account paying 4% interest compounding semi- annually. Carol would like the account to have a balance of $57,000 four years from now. How much must Carol deposit to accomplish her goal? Note: Use tables, Excel, or a financial calculator. Round your final answer to the nearest whole dollar. (FV of $1, PV of $1, FVA of $1, and PVA of $1). Multiple Choice $47,880 $48,724 $28,500 $48,649
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