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:
A) $44,645.
B) $36,291.
C) $28,251.
D) $50,000.
Correct Answer:
Verified
Correct Answer:
Verified
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