FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Tecate wants to invest money in a 6% certificate of deposit that compounds interest
semiannually. Tecate would like the account to have a balance of $50,000 five years
from now. The amount Tecate must deposit now to accomplish their goal is closest
to:
$35,069
$43,131
$37,205
$35,000
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