Amy Monroe wants to create a fund today that will enable her to withdraw $25,000 per year for\n8 years, with the first withdrawal to take place 5 years
Amy Monroe wants to create a fund today that will enable her to withdraw $25,000 per year for
\r\n8 years, with the first withdrawal to take place 5 years from today. If the fund earns 8% interest, how much must Amy invest today?