Shane Wants to Invest Money in a 6% CD That

question 13

Multiple Choice

Shane wants to invest money in a 6% CD 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)$88,848.
• B)$78,941.
• C)$25,336.
• D)$22,510.

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