K John needs $170,000 in six years. If John can invest at 5%, how much will he invest now in order to have $170,000 in six years? Present value of $1: 6% 3 4 5 6 7 5% 0.864 0.840 7% 8% 9% 0.816 0.794 0.772 0.763 0.735 0.708 0.823 0.792 0.792 0.784 0.747 0.713 0.681 0.650 0.630 0.746 0.705 0.666 0.630 0.596 0.711 0.665 0.623 0.583 0.547 OA. $119,850 B. $120,870 C. $133,280 O D. $126,820

John needs $170,000 in six years. If John can invest at 5%, how much will he invest now in order to have $170,000 in six years? A. $119,850 B. $120,870 C. $133,280 D. $126,820