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7 e. The ROA for the company -Percentage points Ms. Guyton wants to buy a 2018 Yukon that sells for $75,000 today. Its price is

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7 e. The ROA for the company -Percentage points Ms. Guyton wants to buy a 2018 Yukon that sells for $75,000 today. Its price is increasing at an annual rate of 2 percent. If she has already saved $56,000 as of today, what annual rate of retum would she need to earn on those savings to be able to afford the car 3 years from today, assuming she saves no more money? O 2 2% 2% 20% 175,000 (1.02) 79,590.65 2 3 6 'M ? a. 7.28 percent b. 10.96 percent c. 10.23 percent d. 12.43 percent e. 11.04 percent 56,000 -795906 PV 2

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