Your Goal Is to Be Able to Withdraw $5,000 for Each

question 126

Multiple Choice

Your goal is to be able to withdraw $5,000 for each of the next ten years beginning one year from today.The return on the investment is expected to be 12%.The amount that needs to be invested today is closest to: (FV of $1,PV of $1,FVA of $1,and PVA of $1) (Use the appropriate factor(s) from the tables provided. )

• A)$44,645.
• B)$36,291.
• C)$28,251.
• D)$50,000.

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The selection, definition, and design of products.

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