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One of Joelle's hobbies is attending theatre performances, so she purchases season tickets to her local performing arts center's musicals. After unexpectedly getting a large
One of Joelle's hobbies is attending theatre performances, so she purchases season tickets to her local performing arts center's musicals. After unexpectedly getting a large sum of money, Joelle would like to set aside money to purchase season tickets for both herself and a friend for the next 24 years. The total cost of these tickets is $1,000 per year. How much money would Joelle need to set aside to be able to buy these tickets, assuming she invests the money in an account that earns 13% compounded annually? Click here to access the TVM Factor Table calculator. $ Carry all interim calculations to 5 decimal places and then round your final answer to a whole number. The tolerance is +3
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