Amy monroe wants to create a fund today that will enable, Ask an Expert

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Amy Monroe wants to create a fund today that will enable her to withdraw $25,780 per year for 8 years, with the first withdrawal to take place 4 years from today.

If the fund earns 10% interest, how much must Amy invest today? (Round factor values to 5 decimal places and final answers to 0 decimal places,)

Investment amount $

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M91976484

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