Molly Borrows Money by Promising to Make a Single Payment $\bold{\text{(Use appropriate factor(s)from the tables provided.)}}$

question 63

Multiple Choice

Molly borrows money by promising to make a single payment of $100,000 at the end of 5 years.How much money is Molly able to borrow if the interest rate is 10%,compounded semiannually? (PV of $1,FV of $1,PVA of $1,and FVA of $1) $\bold{\text{(Use appropriate factor(s) from the tables provided.) }}$

• A)$38,550
• B)$78,350
• C)$62,090
• D)$74,850
• E)$61,390

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