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Eleanor would like to immediately begin saving for a new car which she thinks will cost $20,000. She saves $1000 every quarter beginning now with

Eleanor would like to immediately begin saving for a new car which she thinks will cost $20,000. She saves $1000 every quarter beginning now with quarterly compounding and a 5% annual interest rate.

How much will Eleanor have in 5-years time? [ Select ]

In 5-years Eleanor will [ Select ]

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