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How much of your revenue would you need to put

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Your business is just starting out, but you dream of being the leading producer of your industry 30 years from now. In order to be the leading producer, you will need a building big enough to handle the dream operation. The building you would like to build in 30 years from now costs $10 million today. It is expected that the cost to build such a building grows at 4% a year. If you would like to save up for this big purchase, and pay cash for the building, how much of your revenue would you need to put aside each month if you can earn 10% annually?

Reference no: EM132541199

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