Accessibility tab summary: Students please use the information below to complete the question completing the required cells. Given information for this question is presented in rows $6$ through $8.$ The required answer is in row $14.$

You$$re trying to save to buy a new$$$$275,000$ Ferrari. You have $$50,000$ today that can be invested.$$If you believe your mutual fund can achieve an$$annual rate of return of $11\mathrm{.}2$ percent and you want to buy the car in $9$ years $($on the$$day you turn $30),$ how much must you invest today?

Input area:

Number of years $9$

Interest rate $11\mathrm{.}20\%$

Future value $$275,000$

$($Use cells A$6$ to B$8$ from the given information to complete this question. Your answer should be a positive value.$)$

Output area:

Present value