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Mike Bennett wishes to have $80,000 in seven years. If he can earn annual interest of 10%, how much must he invest today? (Click the
Mike Bennett wishes to have $80,000 in seven years. If he can earn annual interest of 10%, how much must he invest today? (Click the icon to view Present Value of $1 table.) (Click the icon to view Present Value of Ordinary Annuity of $1 table.) (Click the icon to view Future Value of $1 table.) (Click the icon to view Future Value of Ordinary Annuity of \$1 table.) A. $155,920 B. $74,640 C. $41,040 D. $1,610
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