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Paw Revere wants to create a fund today that will enable him to withdraw $25,000 per year for 8 years, with the first withdrawal to

Paw Revere wants to create a fund today that will enable him to withdraw $25,000 per year for 8 years, with the first withdrawal to take place 5 years from today. If the fund earns 9% interest.

How much must Paw Revere invest today?

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