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You and a friend want to go on a bike trek through France. Your friend wants to invest $350 a month for three years in
You and a friend want to go on a bike trek through France. Your friend wants to invest $350 a month for three years in a money market account that is earning 3.4%. You would prefer to go now, taking out a loan for $12,500 at 11% and paying it off over the next three years. If inflation runs at 3.0% for the next three years, what is the true difference in cost between the two options
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