A company needs to have $170,000 in 5 years, and will create a fund to insure that the $170,000 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 $170,000 at the end of 5 years? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.)

Multiple Choice

• $159,800

• $119,000

• $51,000

• $227,486

• $127,041