How Much Needs to Be Invested Today If Your Goal

question 92

Multiple Choice

How much needs to be invested today if your goal is to be able to withdraw $10,000 for each of the next nine years beginning one year from today and $50,000 ten years from today? The return on the investment is expected to be 6%.

• A)$68,017
• B)$95,937
• C)$78,176
• D)$132,075

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Definitions:

Protonephridia

A network of dead-end tubules lacking internal openings in certain invertebrates, serving as an excretory and osmoregulatory system.

Nephridia

Excretory organs in many invertebrates, responsible for the removal of waste products from an organism's body.

Lancelets

Small, fish-like marine animals belonging to the subphylum Cephalochordata, known for their role as a model organism in evolutionary biology.

Nephridiopores

External openings of the nephridia, which are excretory organs in many invertebrates, allowing waste to exit the body.