Mick Mitchell wishes to have $120,000 in seven years. If he can earn annual interest of 12%, how much must he invest today? Click the icon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of Ordinary Annuity of $1 table.) (Click the icon to view Present Value of $1 table.) (Click the icon to view Future Value of $1 table.) OA. $265,320 B. $1,210 OC. $54,240 OD. $111,960