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Intro It is the end of 2022. You plan to complete a Ph.D. in 5 years. Your favorite uncle has promised to help you
Intro It is the end of 2022. You plan to complete a Ph.D. in 5 years. Your favorite uncle has promised to help you with your school expenses by giving you the following amounts for Christmas: Year 2023 2024 2025 2026 2027 Cash flow 1,400 1,600 1,800 2,000 2,200 Your uncle is fairly wealthy and very reliable. You currently have $10,000 in a savings account paying an annual interest rate of 15%.
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