Present and Future Value Tables of $1 at 3% Are

question 30

Multiple Choice

Present and future value tables of $1 at 3% are presented below:

-Shane wants to invest money in a 6% CD 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?

• A) $88,849.
• B) $78,941.
• C) $25,336.
• D) $22,510.