Gracie Shay wants to buy a new Hummer in five years Gracie estimates the cost of the Hummer will be 28 000 If she invests 12 000

Question

Gracie Shay wants to buy a new Hummer in five years Gracie estimates the cost of the Hummer will be 28 000 If she invests 12 000 now at a rate of 6 compounded semiannually she Will have enough money Will have exactly 16 000 Will have 18 000 Will have 16 126 80 None of these

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