If the fund earns 9% interest, how much must Amy invest today? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.)
Amy Monroe wants to create a fund today that will enable her to withdraw $28,760 per year for 8 years, with the first withdrawal to take place 4 years from today. (Use the tables below.)