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TB MC Qu. 5-58 (Algo) How much must be invested now... How much must be invested now at 11% interest to accumulate to $14,000

TB MC Qu. 5-58 (Algo) How much must be invested now... How much must be invested now at 11% interest to accumulate to $14,000 in seven years? Note: Use tables, Excel, or a financial calculator. Round your final answer to the nearest whole dollar. (FV of $1, PV of $1, FVA of $1, and PVA of $1). Multiple Choice $11,280 $8,000 $7,451 $6,743

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