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Determine the amount you must deposit now in your savings account, paying 5% interest, in order to accumulate $4500 for a down payment 5 years

Determine the amount you must deposit now in your savings account, paying 5% interest, in order to accumulate $4500 for a down payment 5 years from now on a new car:

A. $3,526

B. $3,519

C. $900

D. $3,242

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