Use the Present Value Formula to Determine the Amount to Be

question 159

Multiple Choice

Use the present value formula to determine the amount to be invested now, or the present value needed.
-The desired accumulated amount is $26,000 after 11 years invested in an account with 3% interest Compounded semiannually

• A) $7262.12
• B) $18,782.95
• C) $36,076.66
• D) $18,737.88