41.

A company needs to have $150,000 in 5 years and will create a fund to ensure 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. $1 and FVA of $1 ) (Use appropriate factor(s) from the tables provided.) Multiple Choice $141,000 $45,000 $105,000 $100,000 $112,095