152. The best way to break the 100,000 mile mark for your car is to schedule regular...

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152. The best way to break the 100,000 mile mark for your car is to schedule regular oil and filter changes.

Annual savings are estimated to be $6,000 over the 15- year life of your car. If interest is 8% per year compounded continuously, what is the future equivalent value of your savings? (4.16)

(a) $162,913

(b) $90,000

(c) $165,107

(d) $167,141

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