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You've decided to start saving right away in order to start a business. It is expected to pay BD20,000 per year to various local authorities

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You've decided to start saving right away in order to start a business. It is expected to pay BD20,000 per year to various local authorities as an administration fee for the next five years. How much money do you need to deposit today to cover all of your expenses if you plan to keep your money in a 5 percent compound interest account? a. BD 90919 b. BD78453 c. BD87075 d. BD 87025

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