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16-09-2022
Business

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Tanya wants to open her own pet-grooming business after she graduates from high school. However, after doing research, she realizes that she needs to save 18,000 for the start-up capital for her business. Tanya plans to make a series of deposits of 3,000 every year for five years. She estimates that she will earn an annual interest rate of 5 percent on her savings.

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