Molly borrows money by promising to make a single payment of $115,000 at the end of 5 years. How much money is Molly able to borrow if the interest rate is 14%, compounded semiannually? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate

factor(s) from the tables provided.)

A. $97,666
B. $93,236
C. $59,165
D. $58,455
E. $56,466


Answer: D

Business

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