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A graduate plans to invest a lump sum today in an account that pays 4% APR (annual compounding). The lump sum will remain invested for

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A graduate plans to invest a lump sum today in an account that pays 4% APR (annual compounding). The lump sum will remain invested for exactly 10 years. The graduate wants to have $220,964.95 in the account at the end of the 10th year. How much should the graduate invest today? (HINT: Find PV) $144,412 $148,960 $145,325 $137,985 $149,276

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