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You need to have $31,250 in 14 years. You can earn an annual interest rate of 4 percent for the first 4 years, 4.6 percent
You need to have $31,250 in 14 years. You can earn an annual interest rate of 4 percent for the first 4 years, 4.6 percent for the next 3 years and 5.3 percent for the final 7 years. How much do you have to deposit today?
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