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a . The cost of a new automobile is $ 1 0 , 4 0 0 . If the interest rate is 9 % ,

a. The cost of a new automobile is $10,400. If the interest rate is 9%, how much would you have to set aside now to provide this sum in nine years?
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.
b. You have to pay $14,000 a year in school fees at the end of each of the next ten years. If the interest rate is 12%, how much d you need to set aside today to cover these bills?
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.
c. You have invested $140,000 at 12%. After paying the above school fees, how much would remain at the end of the ten years? Note: Do not round intermediate calculations. Round your answer to 2 decimal places.
\table[[a. Present value,],[b. Present value,],[c. Future value,]]
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