What should be the required initial investment

Reference no: EM132083136

Question: Vaughn Corporation wants to withdraw $108,620 (including principal) from an investment fund at the end of each year for 9 years. What should be the required initial investment at the beginning of the first year if the fund earns 11%? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132083136

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