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Dan would like to purchase a boat one year from today. Dan estimates that the boat will cost $20,000. How much money does Dan need
Dan would like to purchase a boat one year from today. Dan estimates that the boat will cost $20,000. How much money does Dan need to invest today to buy the boat in one year? (assume a 10% annual return, compounded annually, you must include the calculation in order to receive credit)
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