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Julia Monroe wants to create a fund today that will enable her to withdraw $27 , 700 per year for
8 years, with the first withdrawal to take place 5 years from today. Click here to view factor
tables. If the fund earns 10% interest, how much must Julia invest today? (Round factor values to
5 decimal places, eg. 1.25124 and final answer to 0 decimal places, es. 458,581.) Investment
amount

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Julia Monroe wants to create a fund today that will enable her to with.pdf

  • 1. Julia Monroe wants to create a fund today that will enable her to withdraw $27 , 700 per year for 8 years, with the first withdrawal to take place 5 years from today. Click here to view factor tables. If the fund earns 10% interest, how much must Julia invest today? (Round factor values to 5 decimal places, eg. 1.25124 and final answer to 0 decimal places, es. 458,581.) Investment amount