(Solved): Pearl Monroe wants to create a fund today that will enable her to withdraw $27,700 per year for 8 ye ...

Pearl Monroe wants to create a fund today that will enable her to withdraw

per year for 8 years, with the first withdrawal to take place 5 years from today. Click here to view factor tables. If the fund earns

interest, how much must Pearl invest today? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, e.g, 458,581 .) Investment amount $