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Which number is closest to how much it has to invest today

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Question - A company needs $150,000 in five years. It is going to make a fund that ensures the $150,000 is available. If it can earn a 6% annual return, which number is closest to how much it has to invest today so that the fund is worth $150,000 at the end of five years?

a. $105,744

b. $141,000

c. $100,000

d. $150,000

e. $112,089

Reference no: EM133022304

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