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Boat that costs 75000 in todays dollars he can earn 8

Boat that costs 75,000 in today's dollars. he can earn 8% return on his investments and he expects the boat to increase in price by 3% each year. What will Joes serial payment at the end of the second year be, if he wants to buy the boat in five years?

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Business Management: Boat that costs 75000 in todays dollars he can earn 8

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