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In three years, when he is discharged from the Air Force, Steve wants to buy an $18,000 power boat. Required: What lump-sum amount must Steve

In three years, when he is discharged from the Air Force, Steve wants to buy an $18,000 power boat. Required: What lump-sum amount must Steve invest now to have the $18,000 at the end of three years if he can invest money at: (Use Microsoft Excel to calculate present values. Do not round intermediate calculations.)

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