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Your goal is to be able to withdraw $12,000 for each of the next seven years beginning one year from today and also to withdraw
Your goal is to be able to withdraw $12,000 for each of the next seven years beginning one year from today and also to withdraw $40,000 ten years from today. The return on the investment is expected to be 6%. The amount that needs to be invested today is closest to: (Table A.1, Table A.2, Table A.3, and Table A.4) (Use appropriate factor(s) from the tables provided.) $89,325. $71,564. $66,989. $125,463.
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