How much must be invested now to receive $10,000 for 15 years if the first $10,000 is received today and the rate is 9%? $$\begin{array}{l}\begin{array} { c c }
&\text { Present Value of }\

\text { Periods } & \text { Ordinary Annuity at } 9 \% \
\hline 14 & 7.78615 \
15 & 8.06069 \
16 & 8.31256
\end{array}
\end{array}$$
A)$80,607
B)$87,862
C)$150,000
D)$73,125

Question

How much must be invested now to receive $10,000 for 15 years if the first $10,000 is received today and the rate is 9%? $$\begin{array}{l}\begin{array} { c c } 
&\text { Present Value of }\

\text { Periods } & \text { Ordinary Annuity at } 9 \% \
\hline 14 & 7.78615 \
15 & 8.06069 \
16 & 8.31256
\end{array}
\end{array}$$
A)$80,607
B)$87,862
C)$150,000
D)$73,125

Quizplus · Accepted Answer

The Answer of How much must be invested now to receive $10,000 for 15 years if the first $10,000 is received today and the rate is 9%? $$\begin{array}{l}\begin{array} { c c } 
&\text { Present Value of }\

\text { Periods } & \text { Ordinary Annuity at } 9 \% \
\hline 14 & 7.78615 \
15 & 8.06069 \
16 & 8.31256
\end{array}
\end{array}$$
A)$80,607
B)$87,862
C)$150,000
D)$73,125

How Much Must Be Invested Now to Receive $10,000 for 15