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Exercise 9-3 Margaret wants to buy a car when she graduates from Central University 4 years from now. She believes that she will need $29,700
Exercise 9-3 Margaret wants to buy a car when she graduates from Central University 4 years from now. She believes that she will need $29,700 to buy the car. Click here to view the factor table (a Calculate how much money Margaret must put into her savings account today to have $2 700 in 4 years ass n she can earn or compo nded annually. (For calculation purposes, use 4 decimal places as displayed in the factor table provided and round final answer to 0 decimal place, eg. 58,975.) Amount (b) Calculate how much money Margaret must put into her savings account today to have $29,700 in 4 years, assuming she can earn 10% compounded semiannually. (For calculation purposes, use 4 decimal places as displayed in the factor table provided and round final answer to o decimal place, e.g. 58,975) Amount$ Click if you would like to Show Work for this question: Open Show Work
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