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Sagot :
Answer:
$3,436,351.59
Explanation:
The computation of the amount that could be afforded to spend is shown below:
= Amount × (P/A, 8%, 20 years)
= $350,000 × 9.8181
= $3,436,351.59
We simply applied the above formula so that the correct value could come
And, the same is relevant too
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