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Irene just purchased a new sports car and want to also set aside cash for future maintenance expenses. The car has a bumper-to- bumper warranty

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Irene just purchased a new sports car and want to also set aside cash for future maintenance expenses. The car has a bumper-to- bumper warranty for the first five years. Irene estimates that she will need approximately $2000 per year in maintenance expenses for years 6-10, at which time she will sell the vehicle. How much money should Irene deposit into an account today, at 8% per year, so that she will have sufficient funds in that account to cover her projected maintenance expenses

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