27. How much would you need to deposit in a savings account that earns 7% interest, compounded annually, to withdraw $20,000 eight years from now? (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1) Note: Use appropriate factor from the PV tables. Multiple Choice O O $18,692 $11,640 $34,364

How much would you need to deposit in a savings account that earns 7% interest, compounded annually, to withdraw $20,000 eight years from now? (Future Value of \$1, Present Value of $1, Future Value Annuity of \$1, Present Value Annuity of \$1) Note: Use appropriate factor from the PV tables. Multiple Choice $18,692 $11,640 $34,364 How much would you need to deposit in a savings account that earns 7% interest, compounded annually, to withdraw $20,000 eight years from now? (Future Value of \$1, Present Value of $1, Future Value Annuity of \$1, Present Value Annuity of \$1) Note: Use appropriate factor from the PV tables. Multiple Choice $18,692 $11,640 $34,364