Amy Monroe wants to create a fund today that will enable her to withdraw $31,080 per year for 7…

Amy Monroe wants to create a fund today that will enable her to withdraw $31,080 per year for 7…

Amy Monroe wants to create a fund today that will enable her to withdraw $31,080 per year for 7 years, with the first withdrawal to take place 4 years from today. (Use the tables below.)


If the fund earns 8% interest, how much must Amy invest today?

Amy Monroe wants to create a fund today that will enable her to withdraw $31,080 per year for 7…

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