Your mother just sold her house and would like to invest, Financial Accounting

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Your mother just sold her house and would like to invest

Your mother just sold her house and would like to invest some of the proceeds for retirement income. She plans to retire in 15 years and would like to receive annual payments of $20,000 for the following 20 years. If the relevant return is 6%, how much must she deposit today to reach that goal?

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Financial Accounting: Your mother just sold her house and would like to invest

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Financial Accounting: Your mother just sold her house and would like to invest

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