Question

Gracie Shay wants to buy a new Hummer in 5 years. Gracie estimates the cost of the Hummer will be $28,000. If she invests $12,000 now, at a rate of 6 percent compounded semiannually, she:
A) Will have enough money
B) Will have exactly $16,000
C) Will have $18,000
D) Will have $16,126.80
E) None of these

Answer 1

impossible hummers are 80k

Answer 2

this is just a question on an assignment, pretty sure its not about "real life"

Answer 3

c=(1+r/100)^n

Answer 4

NO THIS IS REAL LIFE

Answer 5

why did you even reply

Answer 6

12000(1+3/100)^12 for semiannually
http://www.wolframalpha.com/input/?i=12000%281%2B3%2F100%29%5E12
E

Answer 7

Because I abviously am a Internet Predator! GET IT!!?!?!