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2. You want to buy a $30,000 Tesla Model 3. How much do you need to save annually each year for five years if your
2. You want to buy a $30,000 Tesla Model 3. How much do you need to save annually each year for five years if your bank pays you 5% interest per year? Assume each saving installment is made at the beginning of the year, interest is paid at the end of the year, and you buy the Model 3 at the end of Year 5 for $30,000.
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