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Cindy Monroe wants to create a fund today that will enable her to withdraw $31,400 per year for 8 years, with the first withdrawal
Cindy Monroe wants to create a fund today that will enable her to withdraw $31,400 per year for 8 years, with the first withdrawal to take place 5 years from today. Click here to view factor tables. If the fund earns 9% interest, how much must Cindy invest today? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to O decimal places, e.g. 458,581.) Investment amount LA $
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Advanced Accounting
Authors: Paul M. Fischer, William J. Tayler, Rita H. Cheng
11th edition
538480289, 978-0538480284
