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Your goal is to be able to withdraw $12,000 for each of the next seven...

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Accounting

image Your goal is to be able to withdraw $12,000 for each of the next seven years beginning one year from today and also to withdraw $40,000 ten years from today. The return on the investment is expected to be 6%. The amount that needs to be invested today is closest to: (FV of $1, PV of $1, FVA of $1, and PVA of \$1) Note: Use the appropriate factor(s) from the tables provided. Multiple Choice $71,563. $66,989. $125,462. $89,324

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