You would like to spend $225,000 to purchase a boat twenty years from now. How much...
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You would like to spend $225,000 to purchase a boat twenty years from now. How much must you deposit as a lump sum today to achieve this goal at an annual interest rate of 5 percent? You would like to spend $225,000 to purchase a boat twenty years from now. How much must you deposit as a lump sum today to achieve this goal at an annual interest rate of 5 percent?
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