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For the end of this year, yearly labor cost of a company is estimated as $45000 and it will increase $3500 per year afterward. To

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For the end of this year, yearly labor cost of a company is estimated as $45000 and it will increase $3500 per year afterward. To afford labor cost for the next 9 years, how much should the company approximately invest in a bank now when i=20% per year? O a. $200000 O b. $190000 O c. $220000 O d. $210000

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