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Your local travel agent is advertising an upscale winter vacation package for travel three years form now to Antarctica. The package requires that you pay
Your local travel agent is advertising an upscale winter vacation package for travel three years form now to Antarctica. The package requires that you pay $20000 today, $35000 one year from today, and a final payment of $45000 on the day you depart three years from today. What is the cost of this vacation in todays dollars if the discount rate is 9.75 percent?
How would I input this question into my financial calculator?
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