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Gail Korosa decided that in six years she will leave her job in publishing and retire to Arizona. ...

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Gail Korosa decided that in six years she will leave her job in publishing and retire to Arizona. ...

Gail Korosa decided that in six years she will leave her job in publishing and retire to Arizona. What amount should Gail invest today so that she will be able to withdraw $50,000 at the end of each year for 30 years after she retires? Assume she can invest money at 5% interest compounded annually.

Note: Round your answer to the nearest cent.

Textbook

Math for Business and Finance: an Algebraic Approach

Edition: 3^rd

Author: Slater

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