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Kevin is planning to purchase a yacht upon his retirement to sail around the Caribbean. He invested $10,000 at the start of each year

Kevin is planning to purchase a yacht upon his retirement to sail around the Caribbean. He invested $10,000

Kevin is planning to purchase a yacht upon his retirement to sail around the Caribbean. He invested $10,000 at the start of each year and will be retiring in 15 years' time. He earns interest of 8% p.a; how much can Kevin spend on the purchase of his yacht upon his retirement?

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