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At an interest rate of 14%, approximately how much would you need to invest today if you wanted to have $1,000,000 in 10 Years? Use
At an interest rate of 14%, approximately how much would you need to invest today if you wanted to have $1,000,000 in 10 Years? Use the selections from the present value tables below: Present Value of $1 Present Value of an Annuity of $1 Period 796 1496 Period 7% 149 5 0.713 0.519 5 4.100 10 0.508 0.270 10 7.024 3.433 5.216 6.623 20 0.258 0.073 20 10.594 All answers are rounded to the nearest dollar. $270,000 B. $150,989 $73,000 OC. $191,718
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