Hao Made a Single Investment Which,after 5 Years Invested at 12

question 82

Multiple Choice

Hao made a single investment which,after 5 years invested at 12% compounded semiannually,has accumulated to $214,900.How much did Hao invest initially? (PV of $1,FV of $1,PVA of $1,and FVA of $1) $\bold{\text{(Use appropriate factor(s) from the tables provided.) }}$

• A)$214,896
• B)$160,584
• C)$211,476
• D)$120,000
• E)$ 21,486

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