find the sum invested that will return as $230000 after 5 years at a rate of 5.5% compounded anually
PV = FV / [1 + R]^N
PV =230,000 / [ 1.055]^5
PV =230,000 / 1.306960006409375
PV =$175,980.90 - amount that must be invested today.
