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Davi currently has $29,000 saved for a new car that she plans to buy for $44,000 in 2 years. She believes she can earn an
Davi currently has $29,000 saved for a new car that she plans to buy for $44,000 in 2 years. She believes she can earn an annual return of 12.80 percent. How much does Davi need to save each quarter for 2 years to have exactly enough in 2 years to pay for her car if she makes her next savings contribution later today?
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