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Mathematics, 07.11.2020 01:20 shekinahconnoll3904

Janet Woo decided to retire to Florida in 7 years. What amount should Janet invest today so she can withdraw $53,500 at the end of each year for 20 years after she retires? Assume Janet can invest money at 7% compounded annually. (Do not round intermediate calculations. Round your answer to the nearest cent.)

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