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Maria wants to buy an apartment in the city center after her graduation in four years. An apartment cost $20,000 and the price is expected
Maria wants to buy an apartment in the city center after her graduation in four years. An apartment cost $20,000 and the price is expected to increase by 4% each year. Maria wants to sell her old house in the suburbs and make a deposit for 8% per annum. How much will Marias new apartment cost and how much must she save today?
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