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1. You are planning to go to graduate school in a program of study that will take 3 years. You will require $40,000 per year

1. You are planning to go to graduate school in a program of study that will take 3 years. You will require $40,000 per year for school and living expenses. If you earn 10% interest per year on a savings account, what amount must you deposit at the start of your study program to be able to withdraw $40,000 a year for the next 3 years?

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