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Imagine that you have an income of $62,000 this year and $76,000 next year. The market interest rate is 6% pa. In addition, there is

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Imagine that you have an income of $62,000 this year and $76,000 next year. The market interest rate is 6% pa. In addition, there is an investment project which requires an investment of $37,500 today and it offers $40,500 next year. Considering the information given above, if you want to spend $50,000 next year, how much can you spend this year? $86,949$87,054$87,449$92,470$87,236

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