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Sally Monroe wants to create a fund today that will enable her to withdraw $33,100 per year for 8 years, with the first withdrawal
Sally Monroe wants to create a fund today that will enable her to withdraw $33,100 per year for 8 years, with the first withdrawal to take place 5 years from today. Click here to view factor tables. If the fund earns 10% interest, how much must Sally invest today? (Round factor values to 5 decimal places, eg. 1.25124 and final answer to O decimal places, eg. 458,581.) Investment amount $ 416381
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Intermediate Accounting
Authors: kieso, weygandt and warfield.
14th Edition
9780470587232, 470587288, 470587237, 978-0470587287
