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Question

You have a goal of having $230,000 three years from today The return on the investment is expected to be 12% and will be compounded semi annuity. 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) $162, 150 $153, 333 $15,000 $162, 850.