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need detailed help a. Jim is extremely averse to borrowing money, He estimates that in 5 years from today the car he wants will cost

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a. Jim is extremely averse to borrowing money, He estimates that in 5 years from today the car he wants will cost $15,000. How much would he have to deposit today in a savings account yielding 8% interest so that he will not have to borrow for the car? b. Jim does not have that much money today, so he decides to make equal deposits at the end of each of the next five years. What is the amount of each deposit

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