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You plan to buy a boat in 10 years for $35,000. If interest rates are running 9% annually, calculate how much you need to put
You plan to buy a boat in 10 years for $35,000. If interest rates are running 9% annually, calculate how much you need to put away each year using the following methods: a. Long-hand formula (Do not round intermediate calculations. Round final answer to 2 decimal places.) b. Reference table (Round final answer to 2 decimal places.) c. Financial calculator (Round final answer to 2 decimal places.)
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