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Your sister is going to put savings away for 20 years. In one year, she will start by saving $12,000 from her annual income. After
Your sister is going to put savings away for 20 years. In one year, she will start by saving $12,000 from her annual income. After this, she plans to grow her annual savings by 4% each year for a total of 20 years of savings. The interest rate is 4%. What is the PV of these cash flows? $240,000.00 Can not value this $230,769.23
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