Carot wants to invest money in a 6% CD account that compounds semiannually. Carof would like the account to have a balance of $140,O00 5 years from now, How much must Carol deposit to accomplish her goal?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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$106,779.
$104.173.
$122.578
$102.123
<Prev
4 of 15
Transcribed Image Text:Multiple Choice $106,779. $104.173. $122.578 $102.123 <Prev 4 of 15
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Module 5- Chap 1&.
H Office templates & t..
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Chapter 5 i
FVAD $1
N FV S1
11.03000 0.97087
2 1.06090 0.94260
3 1.09273 0.91514
41.12551 0.88849
5 1.159270.86261
6 1.19405 0.83748
71.22987 0.81309
8 1.266770.78941
9 1.30477 0.76642 | 10.1591
10 1.343920.74409 11.4639
11 1.38423 0.72242 | 12.8078
12 1.42576 0.70138 | 14.1920
13 1.46853 0.68095
14 1.51259 0.66112
15 1.55797 0.64186
16 1.60471 0.62317
PV $1
FVA SI
PVA $1
PVAD $1
1.0000
0.97087
1.0300
1.00000
2.0300
1.91347
2.0909
1.97087
3.0909
2.82861
3.1836
2.91347
4.1836
3.71710
4.3091
3.82861
5.3091
4.57971
5.4684
4.71710
6.4684
5.41719
6.6625
5.57971
7.6625
6.23028
7.8923
6.41719
8.8923
7.01969
9.1591
7.23028
7.78611 | 10.4639
8.53020 11.8078
9.25262 13.1920
9.95400 14.6178 10.25262
8.01969
8.78611
9.53020
15.6178 10.63496 | 16.0863 16.95400
17.0863 11.29607
18.5989 11.93794
20.1569 12.56110
17.5989 11.63496
19.1569 12.29607
20.7616 12.93794
Carof wants to invest money in a 6% CD account that compounds semiannually. Carol would like the account to have a balance of $140,000 5-
years from now. How much must Carol deposit to accomplish her goal?
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4. of 15
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Transcribed Image Text:ducation.com/ext/map/index.html?_con%3con&externalbrowser%3D0&launchUrl=https%253A%252F%252Fbbhosted.cuny.edu%252Fwebapps%252Fportal9%252Fframes Es Login Module 5- Chap 1&. H Office templates & t.. Saved Help Save & Exit Subr Chapter 5 i FVAD $1 N FV S1 11.03000 0.97087 2 1.06090 0.94260 3 1.09273 0.91514 41.12551 0.88849 5 1.159270.86261 6 1.19405 0.83748 71.22987 0.81309 8 1.266770.78941 9 1.30477 0.76642 | 10.1591 10 1.343920.74409 11.4639 11 1.38423 0.72242 | 12.8078 12 1.42576 0.70138 | 14.1920 13 1.46853 0.68095 14 1.51259 0.66112 15 1.55797 0.64186 16 1.60471 0.62317 PV $1 FVA SI PVA $1 PVAD $1 1.0000 0.97087 1.0300 1.00000 2.0300 1.91347 2.0909 1.97087 3.0909 2.82861 3.1836 2.91347 4.1836 3.71710 4.3091 3.82861 5.3091 4.57971 5.4684 4.71710 6.4684 5.41719 6.6625 5.57971 7.6625 6.23028 7.8923 6.41719 8.8923 7.01969 9.1591 7.23028 7.78611 | 10.4639 8.53020 11.8078 9.25262 13.1920 9.95400 14.6178 10.25262 8.01969 8.78611 9.53020 15.6178 10.63496 | 16.0863 16.95400 17.0863 11.29607 18.5989 11.93794 20.1569 12.56110 17.5989 11.63496 19.1569 12.29607 20.7616 12.93794 Carof wants to invest money in a 6% CD account that compounds semiannually. Carol would like the account to have a balance of $140,000 5- years from now. How much must Carol deposit to accomplish her goal? < Prev 4. of 15 Next >
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