How much would Howard Steele need to invest today so that he may withdraw $ 12,000 each year for the next 20 years , assuming a rate of 8 % compounded annually ?

How much would Howard Steele need to invest today so that he may withdraw $12,000 each year for the next 20 years, assuming a rate of 8% compounded annually? (Use the tables in the handbook.) Select one: a. $112.817.20 b. $117.817.20 C. $454,144.00 d. None of these O e, $549,144 Finish attempt Week 7 Discussion ork Jump to