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How much would a business have to invest in a high-growth fund to receive $14,000 every month for 5 years, receiving the first payment 4
How much would a business have to invest in a high-growth fund to receive $14,000 every month for 5 years, receiving the first payment 4 years from now? The investment earns interest at 6.50% compounded monthly. Round to the nearest cent Question 2 of 5 with the first withdrawal in 4 years. If the money in the fund lasted for the next 3 years, how much money did she initially invest in the fund? Round to the nearest cent
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