Investment amount, Amy Monroe wants to create a fund today

Investment amount

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Reference no: EM131220541

Amy Monroe wants to create a fund today that will enable her to withdraw $25,780 per year for 8 years, with the first withdrawal to take place 4 years from today.

If the fund earns 10% interest, how much must Amy invest today? (Round factor values to 5 decimal places and final answers to 0 decimal places,)

Investment amount $

Reference no: EM131220541

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