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  3. 4. you want to set aside enough money today to cov

4. You want to set aside enough money today to cover your future expenses of...

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Accounting

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4. You want to set aside enough money today to cover your future expenses of $15,000 per year for next three years. The money will be deposited in a saving account which gives 1.6% of interest rate per year. How much is needed today? (10pts) 1) Solution with a mathematical equation (4pts) 2) Solution with a financial calculator (3pts) 4) Solution with an excel (3pts)

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