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A company needs to have $175,000 in 5 years, and will create a fund to insure that the $175,000 will be available. If it can

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A company needs to have $175,000 in 5 years, and will create a fund to insure that the $175,000 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 $175,000 at the end of 5 years? (PV of 51. FV of $1. PVA of $1 and EVA of $1) (Use appropriate factor(s) from the tables provided.) Multiple Choice 9:30 $164,500 $130.778 5234,175 552.500 5122500

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