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Sascha is saving for a trip around the world. She estimates she will need $58633 bt the end of the year 10 to cover all expenses. Today, Sascha deposited $23644 into an account paying 7% compounded annually. At the end of year 5, Sascha will need to withdraw $3153 to payoff a loan. Sascha anticipates receiving a substantial bonus of at least $42456 at end of year 6. How much of the bonus should Sascha deposit to reach her goal of $58633 by the end of year 10?

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Financial Management, Finance

Category:- Financial Management
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