How much would you need to deposit in a savings account that earns 9%, compounded annually, to withdraw $25,000 eight years from now? (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.) (Use appropriate factor from the PV tables. Round your final answer to the nearest whole dollar amount.)

Multiple Choice

• $22,486

• $22,394

• $12,548

• $50,813