Glen Gordon wishes to have $120,000 in ten years. If he can earn annual interest of 12%, how much must he invest today? (Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of $1 table.) (Click the icon to view Future Value of Ordinary Annuity of $1 table.) A. $250 B. $372,720 OC. $38,640 D. $108,600 1 of 10 (0 complete) Reference yeal tabl 0.623 Present Value of $1 Periods 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% 16% 18% 20% Period 1 0.990 0.980 0.971 0.962 0.952 0.943 0.935 0.926 0.917 0.9090.893 0.877 0.870 0.862 0.847 0.833 Period 2 0.980 0.961 0.943 0.925 0.907 0.890 0.873 0.857 0.842 0.826 0.797 0.769 0.756 0.7430.718 0.694 Period 3 0.971 0.942 0.915 0.889 0.864 0.840 0.816 0.794 0.772 0.751 0.712 0.675 0.658 0.641 0.609 0.579 Period 4 0.961 0.924 0.889 0.855 0.823 0.792 0.763 0.735 0.708 0.683 0.636 0.592 0.572 0.552 0.516 0.482 Period 5 0.951 0.906 0.863 0.822 0.784 0.747 0.713 0.681 0.650 0.621 0.567 0.519 0.497 0476 0.437 0.402 Period 6 0.942 0.888 0.837 0.790 0.746 0.705 0.666 0.630 0.596 0.564 0.507 0.458 0.432 0.410 0.370 0.335 Period 7 0.933 0.871 0813 0.750 0.711 0.665 0.583 0.547 0.5130452 0.400 0.376 0.354 0.3140.279 Period 8 0.923 0.853 0.789 0.731 0.677 0.627 0.5820.540 0.502 0.467 0.404 0.351 0.327 0.305 0.266 0233 Period 9 0.914 0.837 0.786 0.703 0.645 0.592 0.544 0.500 0.460 0.424 0.361 0.308 0.284 0.263 0.2250194 Period 10 0.905 0.820 0744 0.676 0.614 0.558 0.508 0.463 0.422 0.386 0.322 0.270 0.2470.227 0.191 0.162 Period 11 0.896 0.8040.722 0.650 0.585 0.527 0.475 0.429 0.388 0.350 0.287 0.237 0.215 0.195 0.162 0.135 Period 12 0.887 0.788 0.701 0.625 0.5570497 0.4440.397 0.356 0.319 0257 0.208 0.187 0.168 0.137 0.112 Period 13 0.879 0.773 0.681 0.601 0.530 0.469 0.415 0.368 0.326 0.290 0.229 0.182 0.163 0.145 0.116 0.093 Period 14 0.870 0.758 0.661 0.577 0.505 0.442 0.388 0.340 0.299 0.263 0.205 0.160 0.141 0.125 0.099 0.078 Period 15 0.861 0.743 0.642 0.555 0.481 0.417 0.362 0.315 0.275 0.239 0.183 0.140 0.123 0.108 0.084 0.065 Period 16 0.853 0.728 0.623 0.534 0.458 0.394 0.339 0.292 0.252 0.218 0.163 0.123 0.107 0.093 0.071 0.054 Period 17 0.844 0.714 0.605 0.513 0.438 0.371 0.317 0.270 0.2310.198 0.146 0.108 0.093 0.080 0.060 0.045 Period 18 0.836 0.700 0.587 0.494 0.4160350 0.296 0.250 0.212 0.180 0.130 0.095 0.081 0.069 0.051 0.039 Period 19 0.828 0.686 0.570 0.475 0.396 0.331 0.277 0.232 0.194 0.1640.116 0.083 0.070 0.060 0.043 0.031 Period 20 0.820 0.673 0.554 0.456 0.377 0.312 0.258 0.215 0.178 0.149 0.104 0.073 0.061 0.051 0.037 0.026 Period 21 0.811 0.660 0.538 0.439 0.359 0.294 0.242 0.1990.164 0.135 0.093 0.064 0.053 0.044 0.031 0.022 Period 22 0.803 0.647 0.522 0.422 0.342 0.278 0.226 0.184 0.150 0.123 0.083 0.056 0.048 0.038 0.025 0.018 Period 23 0795 0.634 0507 0.406 0.326 0.262 0.211 0.170 0.138 0.112 0.074 0.049 0.040 0.033 0.022 0.015 Period 24 0.788 0.672 0492 0.390 0.310 0.247 0.1970.158 0.125 0.102 0.066 0.043 0.035 0.028 0.019 0.013 Period 25 0.780 0.6100478 0.375 0.295 0.233 0.184 0.146 0.116 0.092 0.059 0.038 0.030 0.024 0.016, 0.010 Print Done Done e G Search or type URL Reference af hed 0 -) Future Value of $1 Periods Period 1 Period 2 Period 3 Period 4 Period 5 Period 6 Period 7 Period 8 Period 9 Period 10 Period 11 Period 12 Period 13 Period 14 Period 15 Period 16 Period 17 Period 18 Period 19 Period 20 Period 21 Period 22 Period 23 Period 24 Period 25 1% 2% 3% 5% 6% 7% 8% 9% 10% 12% 14% 15% 1.010 1.020 1.030 1.040 1.050 1.060 1.070 1.000 1.090 1.100 1.120 1.140 1.150 1.020 1.040 1.061 1.082 1.103 1.1241.145 1.166 1.1881.210 1.254 1.300 1.323 1.030 1.061 1.093 1.125 1.158 1.191 1.225 1.260 1.295 1.331 1.405 1.482 1.521 1.041 1.0821.126 1.170 1216 1.2621.311 1.360 1.4121.464 1.574 1.689 1.749 1.051 1.104 1.1591.217 1.276 1.338 1.403 1.469 1.539 1.611 1.762 1.925 2.011 1.062 1.126 1.194 1.265 1.340 1.419 1.501 1.587 1.677 1.772 1.974 2.1952 313 1.072 1.149 1.2301.316 1.407 1.5041.606 1.714 1.828 1.949 2.211 2.502 2.660 1,083 1.1721.267 1.369 1.4771.594 1.718 1.851 1.993 2.144 2.476 2.853 3.059 1.094 1.195 1.305 1.423 1.551 1.689 1.838 1999 2.172 2.358 2.773 3.252 3.518 1.105 1.219 1.344 1.480 1.629 1.791 1.967 2.159 2.367 2.594 3.106 3.707 4.046 1.116 1.243 1.384 1.539 1.710 1.898 2.105 2.332 2.580 2.853 3.479 4.226 4,652 1.127 1268 1426 1.601 1.796 2.012 2.252 2.518 2.813 3.138 3.896 4818 5.350 1.138 1.2941.469 1.665 1.886 2.133 24102.720 3.066 3.452 4.363 5.492 6.153 1.149 1.319 1.513 1.732 1.980 2.261 2.579 2.937 3.342 3.798 4.887 6.2617.076 1.161 1.346 1.558 1.801 2.079 2.3972.759 3.172 3.642 4.177 5.474 7.1388.137 1.173 1.373 1.605 1.873 2.183 2.540 2.952 3.426 3.970 4.595 6.130 8.1379.358 1.1841.400 1.653 1.948 2.292 2.6933.1593.700 4.328 5.054 6.866 9.276 10.76 1.196 1428 1.702 2.026 2407 2,854 3.380 3.996 4.717 5.5607.690 10.58 12.38 1.208 1.4571.754 2.107 2.527 3.026 3.6174316 5.142 6.116 8.613 12.06 14.23 1.220 1.486 1.806 2.1912.653 3.2073.870 4.661 5.604 6.727 9.646 13.74 16.37 1.232 1.516 1.860 2.279 2.786 3.400 4.141 5.034 6.109 7.400 10.80 15.67 18.82 1245 1:546 1.916 2.370 2.925 3.604 4.430 5.4376,659 8.140 12.10 17.86 21.64 1.257 1.577 1.974 2,465 3.072 3.820 4.741 5.871 7.258 8.954 13.55 20.36 24.89 1.270 1.60B 2033 2.563 3.225 4.049 5.072 6.3417.911 9.850 15.18 23.21 28.63 1.282 1.6412094 2666 3,386 4.292 5.427 6.848 8.623 10.83 17.00 26.46 32.92 Print Done - Jea Reference tal tab 9% Present Value of Ordinary Annuity of $1 Periods 1% 2% 3% 4% 5% 6% 7% 8% 10% 12% 14% 15% 16% 18% 20% Period 1 0.990 0.980 0.971 0.962 0.952 0.943 0.935 0.926 0.917 0.909 0.893 0.877 0.870 0.862 0.847 0.833 Period 2 1.970 1.942 1.913 1.886 1.859 1.833 1.8081.783 1759 1.736 1.690 1.647 1.626 1.605 1.566 1.528 Period 3 2.9412.884 2.829 2775 2.723 2673 2624 2577 2 531 2.487 2.402 2,322 2.283 2246 2.174 2.106 Period 4 3.902 3.80B 3.717 3.630 3.546 3465 3.387 3.312 3.240 3.170 3.037 2.914 2.855 2798 2.690 2.589 Period 5 4,853 4.713 4.580 4452 4.3294212 4.100 3.993 3.890 3.791 3.605 3433 3.352 3.274 3.127 2.991 Period 6 5.795 5.601 5.417 5.242 5.076 4.917 4.767 4.623 4.486 4.355 4.111 3.889 3.784 3.685 3.498 3.326 Period 7 6.728 6.472 6.230 6.002 5.786 5.582 5.389 5.206 5.033 4.8684.564 4.288 4.160 4.0393812 3.606 Period 8 7.652 7.325 7,020 6.733 6.463 6.210 5.971 5.747 5.535 5.335 4.968 4.6394487 434440783.837 Period 9 8.566 8.1627.786 74357.108 6.802 6.515 6247 5.995 5.759 5.32849464.772 4.607 4.303 4.031 Period 10 9.471 8.9838.530 8.111 7.722 7.360 7.0246.710 6.418 6.145 5.6505216 5,019 4833 4.494 4.192 Period 11 10.368 9.787 9.253 8.760 8.30678877499 7.139 6.805 6.495 5.938 5.453 5.2345.029 46564,327 Period 12 11.255 10.575 9.9549.365 8.8638.384 7.9437.5367.161 6814 6.194 5.660 5.421 5.1974.793 4.439 Period 13 12.134 11.348 10.635 9.988 9.394 8.853 8.358 7.9047.487 7.103 6.424 5.8425.583 5.3424910 4,533 Period 14 13.004 12.106 11.296 10.563 9.899 9.295 8.745 8.244 7.7867367 6.6286.002 5.724 5.468 5.008 4.611 Period 15 13.865 12 849 11.938 11.118 10380 9.712 9.108 8.559 8.061 7,606 6.8116.142 5.8475.575 5.092 4.675 Period 16 14.718 13.578 12.561 11,652 10,838 10.106 9.4478.851 8.313 78246.9746.285 5.954 5,669 5.1624.730 Period 17 15.562 14 292 13.166 12.166 1127410.477 9.763 9.122 8.544 8.022 7.120 6.373 6.047 5.749 5222 4.775 Period 18 16.398 14992 13.754 12.659 11.690 10.828 10.059 9.372 8.756 8201 7.250 6.467 6.128 5.818 5.273 4.812 Period 19 17.226 15678 14.324 13.134 12.085 11.158 10.336 9.604 8.96083657.366 6.5506.198 5.8775.316 4.844 Period 20 18.046 16351 14.877 13.590 12462 11.470 10.5949.818 9.129 8.514 7.469 6.623 6.259 5.929 5.353 4.870 Period 21 18.857 17.011 15415 14.029 12.821 11.764 10.836 10.0179.292 8.649 7.562 6.687 6.3125.973 5384 4.891 Period 22 19.650 17.658 15.937 14.451 13.163 12.042 11.061 10.2019.442 8.772 7.6456.743 6.359 6.011 5.410 4.909 Period 23 20.456 18.20216 444 14.857 13480 12.303 11 272 10.371 9.580 88837.718 6.792 6.399 6.044 5432 4.925 Perlod 24 21.243 18.914 16.936 15 247 13.790 12.550 11.469 10.529 9.7078.9857.7846.835 6.4346.073 5.451 4.937 Period 25 22.023 19.5231741315.622 1409412.783 11.654 10.675 9.8239.077 7.8436.8736.4646,097 5.467 4.948 Print Done MacBook Pro G Search or type URL the i Reference Periods Period 1 Period 2 Perlod 3 Period 4 Period 5 Period 6 Period 7 Period 8 Period 9 Period 10 Period 11 Period 12 Period 13 Period 14 Period 15 Future Value of Ordinary Annuity of $1 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 12% 14% 15% 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 1.000 2.010 2.020 2.030 2040 2.050 2.060 2.070 2.080 2.090 2.100 2.120 2.140 2.150 3.030 3.060 3.091 3.122 3.153 3.1843.215 3.246 3.278 3.310 3.374 3.440 3.473 4.060 4.122 4.184 4.246 4.310 4.375 4.440 4506 4.573 4.641 4.779 4.921 4.993 5.101 5.204 5.309 5416 5.526 5.637 5.751 5.867 5.985 6.105 6.353 6.610 6.742 6.152 6.308 6.468 6.633 6.802 6.9757.1537.336 7.523 7.716 8.115 8.536 8.754 7.214 7.434 7.662 7.898 8.142 8.394 8.654 8.9239.2009.487 10.09 10.73 11.07 8.286 8.583 8.892 9.214 9.549 9.897 10.260 10.64 | 11.03 11.44 12.30 13.23 13.73 9.369 9.755 10.16 10.58 11.03 11.49 11.98 12.49 13.02 13.58 14.78 16.09 16.79 10.46 10.95 11.46 12.01 12.58 13.18 13.82 14.49 15.1915.94 17.55 19.34 20.30 11.57 12.17 12.81 13.49 14.21 14.97 15.78 16.65 17.56 18.53 20.65 23.0424.35 12.68 13.41 14.19 15.03 15.9216.87 17.8918.98 20.14 21.38 24.13 27.27 29.00 13.81 14.68 15.62 16.63 17.71 18.88 20.14 21.50 22.95 24.52 28.03 32.09 34 35 14.95 15.97 17.09 18.29 19.60 21.02 22.55 24.21 26.02 27.98 32.39 37.58 40.50 16.10 17.29 18.60 20.02 21.58 23.28 25.13 27.15 29.3631.77 37 28 43.84 47.58 17.26 18.64 20.16 21.82 23.66 25.67 27.89 30.32 33.00 35.95 42.75 50.98 55.72 18.43 20.01 21.76 23.70 25.84 28.21 30.84 33.75 36.97 40.54 48.88 59.12 65.08 19.61 21.41 23.41 25.65 28.13 30.91 34.00 37.45 41.30 45.60 55.75 68.39 75.84 20.81 22.84 25.12 27.67 30,54 33.76 37.38 41.45 46.02 51.16 63.44 78.97 88.21 22.02 24.30 26.87 29.78 33.07 36.79 41.00 45.76 51.16 57.28 72.05 91.02 102.4 23.24 25.78 28.68 31.97 35.72 39.994487 50.42 56.76 64.00 81.70 104.8 118.8 24.47 27.30 30.5434.25 38.51 43.39 49.01 55,46 62.87 71.40 92.50 120.4 1376 25.72 28.85 3245 36.62 41.43 47.00 53.44 60.89 69.53 79.54 104.6 138.3 159.3 26.97 30.42 34.43 39.08 44.50 50.82 58.18 66.76 76.79 88.50 1182158.71842 28.24 32.03 36 46 41.65 47.73 54.86 63 25 73.11 84.70 98,35 133.3 181.9 212.8 Period 16 Period 17 Period 18 Period 19 Period 20 Period 21 Period 22 Period 23 Period 24 Period 25 Print Done