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A company needs to have $185,000 in 5 years, and will create a fund to insure that the $185,000 will be available. If it can
A company needs to have $185,000 in 5 years, and will create a fund to insure that the $185,000 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 $185,000 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 $173,900 $138,251 $247,558 $55,500 $129,500
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