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3) Suppose that you and your friends want to start a business in 3 years-time after you graduate from the university. The maximum funds that

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3) Suppose that you and your friends want to start a business in 3 years-time after you graduate from the university. The maximum funds that you can raise today is $200,000, if you can save this amount in a bank saving account at an interest rate of 12%. What will be the value of your savings in 3 years-time

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