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11. Sandi wants to purcahse a $40,000 new car with cash 7 years from now. What single amount can she put into an investment account
11. Sandi wants to purcahse a $40,000 new car with cash 7 years from now. What single amount can she put into an investment account today in order to have $40,000 in seven years. (assume a 10% annual interest rate)
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