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It is desired to make an initial lump sum investment that will provide ten equal withdrawals , of $ 1,000.00 at the end of each
It is desired to make an initial lump sum investment that will provide ten equal withdrawals , of $ 1,000.00 at the end of each year for the next ten years starting one from now. How great an initial investment will be required if it earns 8% compounded annually?
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