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  3. you want to open a garden the land cost 150...

Question: you want to open a garden the land cost 150...

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You want to open a garden. The land cost $150 000. You estimate the upkeep will be $5000 each year. An additional $10 000 will be needed every 15 years starting in 15 years. How much would you need to deposit in an account today in order to build and maintain this garden. Assume interest as 8%?

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