Question: Please solve using interest tables BE5.14 (LO 4) Amy Monroe wants to create a fund today that will enable her to withdraw $25,000 per year

Please solve using interest tables

BE5.14 (LO 4) Amy Monroe wants to create a fund today that will enable her to withdraw $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 Amy invest today? BE5.15 (LO 5) Clancey Inc. issues $2,000,000 of 7% bonds due in 10 years with interest payable at year-end. The current market rate of interest for bonds of similar risk is 8%. What amount will Clancey receive when it issues the bonds

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