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The initial seed money required for your start-up is $120,000 today. You currently have $100,000. You decide to invest in mutual funds at 10% per
The initial seed money required for your start-up is $120,000 today. You currently have $100,000. You decide to invest in mutual funds at 10% per year today for the remaining amount. The inflation rate will be 3% per year. If you assume that the required seed money will increase annually at the same rate as inflation, in how many years will you be able to afford the start-up business? A. 2.78 years B.7.12 years C. 3.84 years D. 18.7 years E. 5.12 years
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