Your local travel agent is advertising an upscale winter, Financial Management

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Your local travel agent is advertising an upscale winter

Your local travel agent is advertising an upscale winter vacation package for travel two years from now to Antarctica. The package requires that you pay $15,000 today, $25,000 one year from today, and a final payment of $65,000 on the day you depart two years from today. What is the cost of this vacation in today's dollars if the discount rate is 9 percent?

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Financial Management: Your local travel agent is advertising an upscale winter

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