Answer:
a. $ 95,346
Explanation:
Since the amount was invested at an annual rate of 10%, and the period was 6 months, the value of "n", the period of the investment in years, is:
[tex]n=\frac{6}{12}=0.5\ years[/tex]
The investment required to yield a $100,000 future value at a 10% annual rate for 0.5 years is:
[tex]PV=\frac{FV}{(1+r)^n} \\PV=\frac{100,000}{(1+0.10)^0.5}\\PV=\$95,346[/tex]
The present value is a. $ 95,346.
