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How much must be deposited today in an account earning 10% annually to accumulate a 20% down payment to use in purchasing a car one

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How much must be deposited today in an account earning 10% annually to accumulate a 20% down payment to use in purchasing a car one year from now, assuming that the car's current price is $27,000, and inflation will be 4%? (Round your answer to the nearest dollar amount.) Multiple Choice $5,105 $5,017 $5,508 $4,909

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