Amy Monroe wants to create a fund today that will enable her to withdraw $25,000 per year
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Amy Monroe wants to create a fund today that will enable her to withdraw $25,000 per year for 8 years, with the first withdrawal to take place 5 years from today. If the fund earns 8% interest, how much must Amy invest today?
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PV OA 25000 PVF OA 124 8 PV OA 25000 PVF OA 8 8 PVF 4 8 OR P...View the full answer
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