How much must be invested now at 9% interest to accumulate to $10,000 in five years? (Use appropriate factor(s) from Table 1, FV of $1; Table 2, PV of $1; Table 3, FVA of $1; and Table 4, PVA of $1 contained within a separate file.)
A. $5,500.
B. $6,499.
C. $9,176.
D. $5,960.
Answer: B
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