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At an interest rate of 14%, approximately how much would you need to invest today if you wanted to have $1,500,000 in 10 Years? Use
At an interest rate of 14%, approximately how much would you need to invest today if you wanted to have $1,500,000 in 10 Years? Use the selections from the present value tables below: 14 % Present Value of 1 Period 7 5 0.713 0.519 10 0.508 0.270 0.258 | 0.073 Present Value of an Annuity of Period 4.100 3.433 7.024 5.216 10.594 20 10:594 6.623 All answers are rounded to the nearest dollar. A $ 226,483 B. $ 109,500 $ 405.000 D. $287,577
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