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Your athletic department needs to purchase three passenger vans in three years. They project the cost at that time to be $120,000. Currently you have

  • Your athletic department needs to purchase three passenger vans in three years. They project the cost at that time to be $120,000. Currently you have $98,000 set aside for the vans. What return on your money must you receive to be able to purchase the vans in three years?

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