Sandhill Corporation wants to withdraw $120,510 (including principal) from an investment fund at the end of...

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Sandhill Corporation wants to withdraw $120,510 (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%? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to O decimal places, e.g. 458,581.) Required initial investment LA $ Sandhill Corporation wants to withdraw $120,510 (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%? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to O decimal places, e.g. 458,581.) Required initial investment LA $

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To calculate the required initial investment also known as the present va... View the full answer