Question
Dana wants to have $5000 available for a down payment on a new car when she finishes her degree in four years. If her
Dana wants to have $5000 available for a down payment on a new car when she finishes her degree in four years. If her money market account has an interest rate of 3.75% compounded monthly, how much of her graduation money does she need to set aside for the car? Round answer to 2 decimal places.
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Personal Finance
Authors: Thomas Garman, Raymond Forgue
12th edition
9781305176409, 1133595839, 1305176405, 978-1133595830
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