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Doris is retiring today and she plans to buy a new car for $25,000 seven years from now and a second new car for $40,000
Doris is retiring today and she plans to buy a new car for $25,000 seven years from now and a second new car for $40,000 seventeen years from now. How much "new car money" should she set aside now if she can expect to earn 8% compounded annually on her savings? Round to the nearest dolla
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