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Bonnie will have to make payments of $10,000 per year 6 years from now. She will have to make a series of 5 yearly payments
Bonnie will have to make payments of $10,000 per year 6 years from now. She will have to make a series of 5 yearly payments at the beginning of the 6th year. She feels she can make a 10% after tax rate of return on a fund she can get now. How much does she have to put into the fund today to make these future payments?
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