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Marilyns parents have agreed to help her purchase a new car upon graduation in four years. They have given her two choices. The first choice
Marilyns parents have agreed to help her purchase a new car upon graduation in four years. They have given her two choices. The first choice is that they will give her $4,160 each year for the next four years for her to invest herself. The second choice is that they will wait four years and give her $18,620. Marilyn can invest the money at a 8% rate
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