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Stacy Monroe wants to create a fund today that will enable her to withdraw $31,400 per year for 8 years, with the first withdrawal

Stacy Monroe wants to create a fund today that will enable her to withdraw $31,400 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 9% interest, how much must Stacy invest today? (Round factor values to 5 decimal places, eg. 1.25124 and final answer to O decimal places, e.g. 458,581.) Investment amount

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