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1. Derek plans to take a trip to Hawaii every year on his birthday for the next 12 years. He thinks each trip will cost

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1. Derek plans to take a trip to Hawaii every year on his birthday for the next 12 years. He thinks each trip will cost $9,000 and his first trip will be one year from today. The cost in today's dollars of the trips is S Assume an 8.00% discount rate

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