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The Johannsens know they will be needing to replace the roof on their home soon. If the estimated cost to replace the roof is $25,000
The Johannsens know they will be needing to replace the roof on their home soon. If the estimated cost to replace the roof is $25,000 and they need to replace the roof in three years, how much do they need to save each year (at the end of each year) assuming they can earn 8% on their savings?
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