Hao made a single investment which, after 4 years invested at 12% compounded semiannually, has accumulated to $234,900. How much did Hao invest initially? (PV of $1. FV of $1. PVA of $1, and EVA of $1) (Use appropriate factor(s) from the tables provided.) Multiple Choice $168,585 $19,460 $234,898 $147,376 $230,045

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Hao made a single investment which, after 4 years invested at 12% compounded semiannually, has accumulated to $234,900. How much did Hao invest
initially? (PV of $1. FV of $1. PVA of $1. and EVA of 5) (Use appropriate factor(s) from the tables provided.)
Multiple Choice
$168,585
$19,460
$234,898
$147,376
$230,045
Transcribed Image Text:Hao made a single investment which, after 4 years invested at 12% compounded semiannually, has accumulated to $234,900. How much did Hao invest initially? (PV of $1. FV of $1. PVA of $1. and EVA of 5) (Use appropriate factor(s) from the tables provided.) Multiple Choice $168,585 $19,460 $234,898 $147,376 $230,045
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