Chris Wants to Accumulate $100,000 in 5 Years

question 22

Multiple Choice

Chris wants to accumulate $100,000 in 5 years. He plans on making equal semiannual deposits into an investment account that earns 12% semiannually in order to reach his goal. How much must Chris invest every six months? (^{PV of $1}, ^{FV of $1}, ^{PVA of $1}, and ^{FVA of $1}) (Use appropriate factor(s) from the tables provided.)

• A) $7,586.79
• B) $10,000.00
• C) $24,331.19
• D) $10,153.39
• E) $13,586.77

---

Definitions:

Sensual Behaviors

Actions that involve gratification or pleasure derived from the senses, can be part of normal human development or relationships.

Sexual

Relating to, involving, or characterized by sex, sexual acts, or sexuality.

Social

Relating to society, especially in terms of relationships, communication, and interactions among individuals or groups.

Online Dater Photos

Photographs used by individuals on online dating platforms to visually present themselves to potential matches, playing a crucial role in attraction and initial impressions.