You have a goal of having $160,000 five years from today. The return on the...
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Accounting
You have a goal of having $160,000 five years from today. The return on the investment is expected to be 10% and will be compounded semi-annually. The amount that needs to be invested today is closest to: (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided.)
Multiple Choice
$98,926.
$98,226.
$80,000.
106,667
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