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Gavin Schindler wants to buy a red F-Type Jaguar that currently sells for $76,000 Its price is increasing at an annual rate of 3.0
Gavin Schindler wants to buy a red F-Type Jaguar that currently sells for $76,000 Its price is increasing at an annual rate of 3.0 percent. If he has already saved $57,000 as of today, what annual rate of return would he need to earn on those savings to be able to afford the Jaguar 2 years from today, assuming he saves no more money? 18.93 percent 18.14 percent 17.85 percent 17.22 percent O 16.77 percent
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