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2. You plan to pay $38,000 cash for the new truck you want to buy 5 years from now. You are a very astute investor;
2. You plan to pay $38,000 cash for the new truck you want to buy 5 years from now. You are a very astute investor; all your money earns at 20% per year. If you have already saved $9500, how much is the amount your rich aunt must give you 2 years from now (as a graduation present) in order for you to have a total amount of $38,000 Step by Step Solution
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Business Finance
Authors: Eddie McLaney
11th Edition
1292134402, 9781292134406
