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The City is considering the purchase of a building that will cost $30,000 now and renovations for an additional $10,000 payable at the time the

The City is considering the purchase of a building that will cost $30,000 now and renovations for an additional $10,000 payable at the time the work is completed at the end of the year. How much money must the city have now to cover the purchase and renovation, given that it can earn 10% on its funds?

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