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:
Multiple Choice
Will miss her goal by about $10,893.
Will miss her goal by about $11,680.
Will miss her goal by about $11,833.