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Selda wants to have $1.5 million in her savings account in 30 years. In order to achieve this goal, she decides whether to deposit a
Selda wants to have $1.5 million in her savings account in 30 years. In order to achieve this goal, she decides whether to deposit a lump sum today, or to wait and deposit a lump sum 7 years from today. She can earn an average of 8.2 percent on her investments. How much more does she have deposit if she waits for seven years before making deposit ?
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