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Stephen plans to purchase a car 3 years from now.

Question : Stephen plans to purchase a car 3 years from now. : 4864

Stephen plans to purchase a car 3 years from now. The car will cost $53,781 at that time. Assume that Stephen can earn 7.03 percent (compounded monthly) on his money. How much should he set aside today for the purchase? Round the answer to two decimal places.

 

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Finance 10 Months Ago 99 Views
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