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Question You want to buy a new surfboard 10 years from now. You have $400 in the bank today. You can earn 4% on your savings. If the surfboard will cost $5,000, how much will you have to save every year to have enough to buy it?

Question

You want to buy a new surfboard 10 years from now. You have $400 in the bank

today. You can earn 4% on your savings. If the surfboard will cost $5,000, how much will you have to save every year to have enough to buy it?

 
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