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How much of her recent windfall must rita invest

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Reference no: EM133176220

Rita just hit a modest lottery jackpot and wants to invest a lump sum so that she can receive $4,200 each year for the next 15 years so that she can play the lottery then to fund the rest of her retirement. How much of her recent windfall must Rita invest today at 5%, compounded annually for the next 15 years so that she can live the Lotto-life for those 15 years?

Reference no: EM133176220

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