How much should he contribute today

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Question - Mr. Crabapple wants to donate money now for an account that will allow a favored charity to make $17,000 withdrawals at the end of each of years 19 to 44. How much should he contribute today if investment managers Dogwood Associates expect to earn returns averaging 4.3% per year on the charity's foundation account?

A. $128,584.54

B. $115,644.17

C. $263,040.12

D. $123,283.36

E. $156,230.80

Reference no: EM132958866

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