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How much must be deposited today in an account earning 7% annually to accumulate a 10% down payment to use in purchasing a car one

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How much must be deposited today in an account earning 7% annually to accumulate a 10% down payment to use in purchasing a car one year from now, assuming that the car's current price is $33,000, and inflation will be 2%? (Round your answer to the nearest dollar amount.) Multiple Choice $3,084 $3,130 $3,146 $3,333

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