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Jen will earn $250 this year and next year she will be unemployed. She can invest her funds and earn a fair return of 12%.
Jen will earn $250 this year and next year she will be unemployed. She can invest her funds and earn a fair return of 12%. She is offered a chance to invest 50% of her current year's earnings and receive $175 next year. Further, she consumes $75 on her much desired boat ride. It her desired vacation next year is to Rome, who much will she have to spend?
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