Your goal is to be able to withdraw $10,000 for each of the next nine...
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Accounting
Your goal is to be able to withdraw $10,000 for each of the next nine years beginning one year from today and also to withdraw $50,000 ten years from today. The return on the investment is expected to be 8%. The amount that needs to be invested today is closest to:
Multiple Choice
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$69,776.
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$117,884.
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$85,629.
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$60,709.
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