Candice plans to make an investment today which promises to return to her $10,000 each year for ten (10) years beginning one year from today. The investment account will earn 6% compounded annually. At the end of ten years, the investment account balance will be zero.

Question:Rounding to the nearest whole dollar, what should be the amount of Candice's original investment?Note: You may use the factor tables located in the appendix of your textbook or use the factor table links located at the bottom of this question. The factor table you select should open up in a new window on your computer.

Answer:$__Answer__

(Remember to round to the nearest whole dollar. Do not use commas or decimals in your response.)

Factor Tables:

Future Value of a Lump Sum

Present Value of a Lump Sum

Future Value of an Annuity

Present Value of an Annuity