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Question 1 Mrs Betty Boo, age 50 inherited $150,000 from her father recently. She hopes to retire immediately and expects to spend $10,000 at the

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Question 1 Mrs Betty Boo, age 50 inherited $150,000 from her father recently. She hopes to retire immediately and expects to spend $10,000 at the end of every year on a family holiday for the next 18 years. Will this inheritance be sufficient to last 18 years, given that the bank interest rate is 3 percent per annum

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