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James has some money, but isn't really certain what to do with it at this point. He told his banker that he needs $55,000 in
James has some money, but isn't really certain what to do with it at this point. He told his banker that he needs $55,000 in order to buy a new flat. His banker told him that he would need to open a saving account and wait 9 years with an interest rate of 3.15%. Using the present value equation, how much money does James have right now
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