Tecate would like the account to have a balance of 50000


Question - 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. How much must Tecate deposit now to accomplish their goal?

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Accounting Basics: Tecate would like the account to have a balance of 50000
Reference No:- TGS02510426

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