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Chip wants to buy a car when he gets his driver license 6 years from today. He has a current bank balance of $4,000 and

Chip wants to buy a car when he gets his driver license 6 years from today. He has a current bank balance of $4,000 and plans to deposit $2,000 at the end of each of the next 6 years. If he earns 4.5% interest annually, what price of car will he be able to afford?

Answer Format: Positive number rounded to 2 decimal places.

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