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2Please fill in exactly the same way as this form You are saving for a new car. You place $17,200 into an investment account today.
2Please fill in exactly the same way as this form
You are saving for a new car. You place $17,200 into an investment account today. How much will you have after four years if the account earns (a) 3%, (b) 5%, or (c) 7% compounded annually? Note: Use tables, Excel, or a financial calculator. Round your answers to 2 decimal places. (FV of $1, PV of $1, FVA of $1, and PVA of $1 )Step by Step Solution
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