Business, 30.10.2019 04:31 snikergrace

Sandhill corporation wants to withdraw $113,110 (including principal) from an investment fund at the end of each year for 9 years. what should be the required initial investment at the beginning of the first year if the fund earns 11%? (round factor values to 5 decimal places, e. g. 1.25124 and final answer to 0 decimal places, e. g. 458,581.)

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Sandhill corporation wants to withdraw $113,110 (including principal) from an investment fund at the...

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