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At the end of each of the next 8 years, you plan to put $25,000 in...

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Advance Math

At the end of each of the next 8 years, you plan to put $25,000in the bank. If the annual interest rate is 3%, what is the presentvalue of this planned savings stream? What will the bank balance beat the end of the 8 year period? [Hint: once you know the presentvalue of the savings stream, it's easy to work out the futurevalue]

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