Mia received a gift of $8,200 at the time of her high school graduation. She invests it in an account that yields 10% compounded semi-annually. What will the value of Mia’s investment be at the end of 5 years? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) Multiple Choice $12,300.00 $9,020.00 $13,356.98 $10,250.00 $11,480.00 Maria invests a sum of money today that will yield $14,000 at the end of 6 years. Assuming she can earn an interest rate of 6% compounded annually, how much must she invest today? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) Multiple Choice $9,870 $13,160 $8,400 $12,328 $11,628
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Mia received a gift of $8,200 at the time of her high school graduation. She invests it in an account that yields 10% compounded semi-annually. What will the value of Mia’s investment be at the end of 5 years? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.)
Multiple Choice
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$12,300.00
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$9,020.00
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$13,356.98
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$10,250.00
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$11,480.00
Maria invests a sum of money today that will yield $14,000 at the end of 6 years. Assuming she can earn an interest rate of 6% compounded annually, how much must she invest today? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.)
Multiple Choice
-
$9,870
-
$13,160
-
$8,400
-
$12,328
-
$11,628
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