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John Jones is planning to open a restaurant in Wanaka in the future. He estimates that he needs $75,680 saved 9 years from now. He

John Jones is planning to open a restaurant in Wanaka in the future. He estimates that he needs $75,680 saved 9 years from now. He can earn 6.50% per annum. How much does he have to deposit now to reach this goal? Assume annual compounding. OA. $46,742.18 OB. $48,700.55 O C. None of the answer is correct. OD. $40,316.71 OE. $42,937.29
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