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By choosing a less expensive vehicle, you can save $ 2 , 5 0 0 now, but 1 5 years from now you will have

By choosing a less expensive vehicle, you can save $2,500 now, but 15 years from now you will have an additional expense of $3,500. If you invest the $2,500 at 6% interest compounded annually, will the investment pay for the added expense? Use the equation to solve it.(7.5 points)
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