We can also use table 1 to determine how much we need to invest today (one-time, lump-sum investment) to grow to your desired amount. If you would like to have $100,000 in 5 years to start your new business or buy a house, how much would you need to invest today if you can earn 6% on your investment over the next 5 years? Go to table 1, go down 5 periods and find your 6% factor of 1.33823 and divide (not multiply) into the $100,000 to arrive at $74,726. You can prove this by multiplying $74,726 by 1.33823 to arrive at $100,000. Your question: You would like to have $250,000 in 10 years to buy your dream boat and you can earn 4% on your investments. How much do you need to invest today in order to have this $250,000