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A company needs to have $200,000 in 5 years, and will create a fund to insure that the $200,000 will be available. If it

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A company needs to have $200,000 in 5 years, and will create a fund to insure that the $200,000 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 $200,000 at the end of 5 years? (PV of $1, EV of $1. PVA of $1, and EVA of $1) (Use appropriate factor(s) from the tables provided.) Multiple Choice $188,000 $149,460 $267/630 $60,000

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