Question: 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

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?

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