Your goal is to be able to withdraw $4,700 for each of the next eight years beginning one year from today. The return on the investment is expected to be 11%. The amount that needs to be invested today is closest to: (FV of $1, PV of $1, =VA of $1, and PVA of $1) Note: Use excel, a financial calculator, or the appropriate factor(s) from the tables provided. Multiple Choice $37,600. $32,227. $40,581. $24,187