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Felix wants to have $ 2 8 , 0 0 0 four years from now to buy a new car. He wants to make one

Felix wants to have $28,000 four years from now to buy a new car. He wants to make one deposit today to fund this expenditure. How much does he have to deposit if he will earn 5.5 percent per year on his investment?
Question 5 options:
i)
$24,414.14
ii)
$25,003.09
iii)
$22,602.07
iv)
$26,540.28

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