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How much needs to be invested today

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Reference no: EM131932450

Question - How much needs to be invested today if your goal is to be able to withdraw:

• $500 at the end of each year for the next nine years beginning. The first payment will be at the end of this year. AND

• $2,500 ten years from today?

The return on the investment is expected to be 6%.

Reference no: EM131932450

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