Asked by torri

Pinnacle Homes, a real estate development company, is planning to build five homes, each costing $125,000, in 2.5 years. The Galaxy Bank pays 6% interest compounded semiannually. How much should the company invest now to have sufficient funds to build the homes in the future?
Answered by Reiny
PV = 125000(1.03)^-5
= $107,826.10
Answered by ANNETTE
107826.25
Answered by M.A.L
539131.25
Answered by Flow
None of these are right.
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