Present Value of an ordinary annuity of 1
Amy Monroe wants to create a fund today that will enable her to withdraw $32,210 ;per year for ;7 ;years, with the first withdrawal to take place ;5 ;years from today. (Use the tables below.)
If the fund earns ;10% interest, how much must Amy invest today? ;(Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.)
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