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Your local travel agent is advertising an upscale winter vacation package for travel two years from now to Antarctica. The package requires that you pay $15,000 today, $25,000 one year from today, and a final payment of $65,000 on the day you depart two years from today. What is the cost of this vacation in today's dollars if the discount rate is 9 percent?

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Financial Management, Finance

Category:- Financial Management
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