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1. Rachel is hoping to enter the SPAA's Master's Program six years from now. Since she will only be able to work part-time while in

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1. Rachel is hoping to enter the SPAA's Master's Program six years from now. Since she will only be able to work part-time while in school, she has decided to set aside some money today to help cover the cost of tuition. If she can invest her money at an annual interest rate of 5%, how much does she need to save today in order to have $40,000 before she starts school

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