Hao made a single investment which, after 4 years invested at 12% compounded semiannually, has accumulated to $226,900. How much did Hao invest initially? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.)
A. $222,195
B. $18,795
C. $162,854
D. $226,898
E. $142,357
Answer: E
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