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Business, 15.04.2020 03:56 pito63

John wants to withdraw $20,000 (including principal) from an investment fund at the end of each year for five years. How should he compute his required initial investment at the beginning of the first year if the fund earns 10% compounded annually?

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John wants to withdraw $20,000 (including principal) from an investment fund at the end of each year...

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