Robert wants to withdraw $50 (including principal) from an investment fund at the end of each year

Question:

Robert wants to withdraw $50 (including principal) from an investment fund at the end of each year for five years. How should he compute his required initial investment at the beginning of the first year if the fund earns 6% compounded annually?
A) $50 times the of a 6% of $1.
B) $50 times the present value of a 6% of $1.
C) $50 divided by the present value of a 6% of $1.
D) $250 divided by the of a 6% of $1.
Annuity
An annuity is a series of equal payment made at equal intervals during a period of time. In other words annuity is a contract between insurer and insurance company in which insurer make a lump-sum payment or a series of payment and, in return,... Future Value
Future value (FV) is the value of a current asset at a future date based on an assumed rate of growth. The future value (FV) is important to investors and financial planners as they use it to estimate how much an investment made today will be worth...