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Use the Present Value tables at the end of the exam to answer questions 7 and 8 10. Mark Scout has $50,000 in cash today.

Use the Present Value tables at the end of the exam to answer questions 7 and 8 10. Mark Scout has $50,000 in cash today. If they put this money in their retirement account, which has a 6% interest rate, and compounds semi-annually, how much will they have in their account in 9 years (rounded to the nearest dollar)? A. $29,370 B. $29,595 C. $84,474 D. $85,122 E. None of the above
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Use the Present Value tables at the end of the exam to answer questions 7 and 8 10. Mark Scout has $50,000 in cash today. If they put this money in their retirement account, which has a 6% interest rate, and compounds semi-annually, how much will they have in their account in 9 years (rounded to the nearest dollar)? A. $29,370 B. $29,595 C. $84,474 D. $85,122 E. None of the above

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