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f) Eric accepts a job in Hong Kong and receives a substantial signing bonus. Eric wants to buy a Dodge Viper when he returns to
f) Eric accepts a job in Hong Kong and receives a substantial signing bonus. Eric wants to buy a Dodge Viper when he returns to the states in four years. If Eric can earn 5% return per year, how much of the signing bonus will he need to set aside today to make a $30,000 down payment in four years? A) Use simple division to calculate. B) Use the TVM tables. In each case show your work
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