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In three years, when he is discharged from the Air Force, Steve wants to buy a power boat that will cost $8,000. What lump-sum amount

In three years, when he is discharged from the Air Force, Steve wants to buy a power boat that will cost $8,000. What lump-sum amount must he invest to have $8,000 at the end of the three years if he can invest money at: A. Ten Percent? B. Fourteen Percent

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