You Have a Goal of Having $100,000 Five Years from Today

question 126

Multiple Choice

You have a goal of having $100,000 five years from today. The return on the investment is expected to be 10% and will be compounded semi-annually. The amount that needs to be invested today is closest to:

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

---

Definitions:

Tabs

A user interface element that allows multiple documents or panels to be contained within a single window, using tabs as a navigational widget for switching between sets of documents.

Webpages

Documents accessed via the Internet that provide information or facilitate interaction with users.

New Tab Page

The initial page displayed when a new tab is opened in a web browser, often customizable with frequently visited sites or a search bar.

Start Page

The initial page that appears when opening a web browser or software application, often containing shortcuts or useful information for the user.