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Carol wants to invest money in an investment account paying 8% interest compounding semi-annually. Carol would like the account to have a balance of $52,000 four years from now. How much must Carol deposit to accomplish her goal?
Note: Use tables, Excel, or a financial calculator. Round your final answer to the nearest whole dollar. (FV of $1, PV of $1, FVA of $1, and PVA of $1).
A) $35,360
B) $26,000
C) $38,222
D) $37,996

Answer :

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