Question: Stacy Monroe wants to create a fund today that will enable her to withdraw $32,200 per year for 6 years, with the first withdrawal take
Stacy Monroe wants to create a fund today that will enable her to withdraw $32,200 per year for 6 years, with the first withdrawal take place 4 years from today. Click here to view factor tables If the fund earns 12% interest, how much must Stacy invest today? (Round factor values to 5 decimal places, eg. 1.25124 and final ansv to 0 decimal places, e.g. 458,581.)
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