(Solved):   You wish to have \( \$ 20,000 \) in 5 years. Using the present value tables, how much must ...

 

You wish to have \( \$ 20,000 \) in 5 years. Using the present value tables, how much must you deposit today if you will earn \( 10 \% \) compounded annually on your investment? (Round answers to 0 decimal places, e.g. 25,000.) Click here to view the factor table. Investment \( \$ \) eTextbook and Media