Answer:
Oliver needs to start with $109.36 to have $80,000 in 48 years at a 9% interest rate.
This is calculated using the formula:
Future Value = Present Value x (1 + Interest Rate)^Number of Years
$80,000 = Present Value x (1 + 0.09)^48
$80,000 = Present Value x 23.72477
Present Value = $80,000 / 23.72477
Present Value = $109.36
Explanation: