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Unit 11.1 Sinking 1. Uncle Ted promises to give his niece Beth $50,000 on her 30th birthday, 65 years from now. Uncle Ted can earn

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Unit 11.1 Sinking 1. Uncle Ted promises to give his niece Beth $50,000 on her 30th birthday, 65 years from now. Uncle Ted can earn 8% com. pounded quarterly. What amount could Uncle Ted deposit today in a savings plan so that the plan would have the required $50,000 in 64 years

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