How Much Must Be Invested Now to Receive $10,000 for 15

question 43

Multiple Choice

How much must be invested now to receive $10,000 for 15 years if the first $10,000 is received today and the rate is 9%? $$\begin{array}{l}\begin{array} { c c } &\text { Present Value of }\\\text { Periods } & \text { Ordinary Annuity at } 9 \% \\\hline 14 & 7.78615 \\15 & 8.06069 \\16 & 8.31256\end{array}\end{array}$$

• A)$80,607
• B)$87,862
• C)$150,000
• D)$73,125

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