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LK Corporation hopes to withdraw $15,000 at the end of each year for six years from a fund that earns 6% interest. How much

LK Corporation hopes to withdraw $15,000 at the end of each year for six years from a fund that earns 6% interest. How much should the corporation invest today? Draw a timeline to illustrate 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 $1 table.)

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