How much must Stacy invest today

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Question - Stacy Monroe wants to a fund today that will enable her to withdraw $31,300 per year for 7 years, with the first withdrawal to take place 5 years from today. If the fund earns 11% interest, how much must Stacy invest today?

Reference no: EM132612540

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How much must Stacy invest today : Stacy Monroe wants to a fund today that will enable her to withdraw $31,300 per year, If the fund earns 11% interest, how much must Stacy invest today
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