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Problem 7.11 You want to buy a sailboat when you retire 5 years from now. The sailboat you wish to buy costs $50,000 today and

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Problem 7.11 You want to buy a sailboat when you retire 5 years from now. The sailboat you wish to buy costs $50,000 today and inflation is at 4% per year. What do you need to put into an account today to have enough funds to be able to purchase the boat 5 years from now if the account earns 7% per year

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