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You borrowed S50,000 which yo deposits at the beginning of each the next 9 years, but with the d 5% enable you to reach your

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You borrowed S50,000 which yo deposits at the beginning of each the next 9 years, but with the d 5% enable you to reach your $50,000 target? 4 points Save A u must repay in 10 years. You plan to make an initial deposit today, then make 9 more flation rate. You expect to ea eposits increasing at the in on your funds, and you expect a 3% inflation rte. To the nearest dollar, how large must your initial deposit be to a. $3,008 b, $3,676 c. $4,448 d. $4,044 e. S3,342 . Moving to another question will save this response. F10 F9 F7 F5

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