Patricia wants to invest a sum of money today that will yield $27,000 at the end of 6 years. Assuming she can earn an interest rate of 6% compounded annually, how much must she invest today? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.)
Multiple Choice
$19,035
$25,380
$16,200
$23,776
$22,426