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HC Corporation hopes to withdraw $8.000 at the end of each year for six years from a fund that earns 4% interest. How much should
HC Corporation hopes to withdraw $8.000 at the end of each year for six years from a fund that earns 4% interest. How much should the corporation invest today? Draw a timeline to ilustrate the problem. Interest is compounded annually (Click the icon to view the Future Value of $1 table) (Click the icon to view the Present Value of 11 table) (Click the icon to view the Future Value of an Ordinary Annuity table) (Click the icon to view the Present Value of an Ordinary Annuity table) (Click the icon to view the Present Value of an Annuity Due istie.) (Click the loon to view the Future Value of an Annuity Oue table) How much should the corporation invest today? (Use the prese factor amounts rounded to five decimal places, X.XXXXX. Rour The corporation should invest today
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