Question: Word Problem 1 3 - 2 9 ( Algo ) [ LU 1 3 - 2 ( 1 ) ] Janet Woo decided to retire

Word Problem 13-29(Algo)[LU 13-2(1)]
Janet Woo decided to retire to Florida in 6 years. What amount should Janet invest today so she can withdraw $54,500 at the end of each year for 20 years after she retires? Assume Janet can invest money at 6% compounded annually. (Use the Table 13.2 and Table 12.3.)
Note: Do not round intermediate calculations. Round your answer to the nearest cent.
 Word Problem 13-29(Algo)[LU 13-2(1)] Janet Woo decided to retire to Florida

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