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Please prepare a JOURNAL ENTRY for this transaction: Fishbone Corporation wants to withdraw $120,000 (including principal) from an investment fund at the end of each

Please prepare a JOURNAL ENTRY for this transaction: Fishbone Corporation wants to withdraw $120,000 (including principal) from an investment fund at the end of each year for 9 years. What should be the required initial investment at the beginning of the first year if the fund earns 11% ?

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