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Exercise D9-3 Margaret wants to buy a car when she graduates from Central University 6 years from now. She believes that she will need $30,900

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Exercise D9-3 Margaret wants to buy a car when she graduates from Central University 6 years from now. She believes that she will need $30,900 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 $30,900 in 6 years, assuming she can earn 8% compounded annually. (For calculation purposes, use 4 decimal places as displayed in the factor table provided and round final answer to 0 decimal place, e.g. 58,975.) Amount (b) Calculate how much money Margaret must put into her savings account today to have $30,900 in 6 years, assuming she can earn 8% answer to 0 decimal place, e.g. 58,975. Amount s Click if you would like to Show Work for this question: Open Show Work semiannually. (For calculation purposes, use 4 decimal places as displayed in the factor table provided and round final Question Attempts: 0 of 3 used SAVE FOR LATER

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