Multiple Choice
Your goal is to be able to withdraw $10,000 for each of the next nine years beginning one year from today and also to withdraw $50,000 ten years from today. The return on the investment is expected to be 6%. The amount that needs to be invested today is closest to:
A) $68,017.
B) $95,937.
C) $78,176.
D) $132,075.
Correct Answer:
Verified
Correct Answer:
Verified
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