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What lump sum should lauren deposit today

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Reference no: EM132828208

Question - Lauren wants to withdraw $4,000 at the beginning of each year for the next 7 years. She expects to earn 10.5% compounded annually on her investment. What lump sum should Lauren deposit today?

1. $21,168.72

2. $20,627.25

3. $18,667.20

4. $19,157.21

Reference no: EM132828208

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