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If a new college student wants a car costing $15,000 at the end of 4 years of school, how much must be saved annually if

If a new college student wants a car costing $15,000 at the end of 4 years of school, how much must be saved annually if the funds earn 5 percent? (Hint: you are solving for PMT since this is an annuity problem). $2979.14 $3480.18 $3126.74 $2951.62

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