Liv Diaz wants to create a fund today that will enable her to withdraw R$25,000 per year

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Liv Diaz wants to create a fund today that will enable her to withdraw R$25,000 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 Liv invest today?

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Intermediate Accounting IFRS

ISBN: 978-1119372936

3rd edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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Question Posted: Nov 23, 2017 08:21 AM

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Liv Diaz wants to create a fund today that will enable her to withdraw R$25,000 per year

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i 8 PV OA R25000 PVF OA 124 8 PV OA R25000 PVF OA 8 8 PVF 4 8 OR PV O...View the full answer

Intermediate Accounting IFRS

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