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Problem:

You will receive 2,500 in bonuses each year for the next three years (at the end of each year). You are hoping to use these bonuses for a car down payment in about ten years. At a 7.79% discount rate, how much will you have saved?

Explain comprehensively and justify your answer.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91146909

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