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24. You want to buy a new ski boat exactly 5 years-from now, and you plan to make 5 deposits of $4,250 per year, with

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24. You want to buy a new ski boat exactly 5 years-from now, and you plan to make 5 deposits of $4,250 per year, with the first deposit made today. You will deposit your savings in an account that pays 62% interest. How much will you have to buy your boat exactly 5 years from today (rounded to the nearest dollar)? t. 526,821 b. $23,197 c. $24,461 d. $22,481 e. $25,245

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