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3 years ago

15

Carol wants to invest money in a 6% CD account that compounds semiannually. Carol would like the account to have a balance of $5

0,000 five years from now.
How much must Carol deposit to accomplish her goal?
(A) $37,205.
(B) $43,131.(C) $35,000.(D) $35,069.

1 answer:

Mandarinka [93]3 years ago

7 0

43131 x 1.06^5 = 57719.0073..... ($57719.01)
B

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