Present Value of an ordinary annuity of 1

Amy Monroe wants to create a fund today that will enable her to withdraw $32,210 per year for 7 years, with the first withdrawal to take place 5 years from today. (Use the tables below.)



If the fund earns 10% interest, how much must Amy invest today? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.)


MUST SHOW WORK

 
Do you need a similar assignment done for you from scratch? We have qualified writers to help you. We assure you an A+ quality paper that is free from plagiarism. Order now for an Amazing Discount!
Use Discount Code "Newclient" for a 15% Discount!

NB: We do not resell papers. Upon ordering, we do an original paper exclusively for you.