单选题 How much should an investor have in a retirement account on his 65th birthday if he wishes to withdraw $ 40000 on that birthday and each of the following 14 birthdays, assuming his retirement account is expected to earn 14.5 percent?

A、

A. $ 234422.
B、

B. $ 274422.
C、

C. $ 272977.

【正确答案】 B

【答案解析】This is an annuity due so set your calculator to the BGN mode. N=15; I/Y=14.5; PMT=-40000; FV=0; CPT→PV=274422.50. Switch back to END mode.