You want $20,000 in 5 years to take your spouse on a second honeymoon.
You want $20,000 in 5 years to take your spouse on a second honeymoon. Your investment account
earns 7% compounded semiannually. How much money must you put in the investment account
today? (Round to the nearest $1.)
A) $14,178 B) $13,349 C) $12,367 D) $15,985
ANSWER
A
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