Rita plans to save 1200 1500 and 2200 a year over the next, Financial Management

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Rita plans to save 1200 1500 and 2200 a year over the next

Rita plans to save $1,200, $1,500, and $2,200 a year over the next three years, respectively. How much would you need to deposit in one lump sum today to have the same amount as Rita three years from now if you both earn 5 percent, compounded annually?

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Financial Management: Rita plans to save 1200 1500 and 2200 a year over the next

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Financial Management: Rita plans to save 1200 1500 and 2200 a year over the next

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