A Company Needs to Have $150,000 in 5 Years,and Will $\bold{\text{(Use appropriate factor(s)from the tables provided.)}}$

Multiple Choice

A company needs to have $150,000 in 5 years,and will create a fund to insure that the $150,000 will be available.If it can earn a 6% return compounded annually,how much must the company invest in the fund today to equal the $150,000 at the end of 5 years? (PV of $1,FV of $1,PVA of $1,and FVA of $1) $\bold{\text{(Use appropriate factor(s) from the tables provided.) }}$

A) $141,000
B) $112,095
C) $100,000
D) $45,000
E) $105,000