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Category > Accounting Posted 25 Jul 2017 My Price 4.00

Hollis Stacy wants to create a fund today that will enable her to withdraw $20,000

 

Hollis Stacy wants to create a fund today that will enable her to withdraw $20,000 per year for 8 years, with the first withdrawal to take place 5 years from today. If the fund earns 8% interest, how much must Hollis invest today?
 
 

Answers

(8)
Status NEW Posted 25 Jul 2017 11:07 AM My Price 4.00

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file 1500982562-289777_1_636364742467095494_pvvv.xlsx preview (66 words )
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