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Jillie wants to buy a new car but can't afford it right away. She decides to put away $1920 today, $2500 at the end of
Jillie wants to buy a new car but can't afford it right away. She decides to put away $1920 today, $2500 at the end of year two and $2300 at the end of year three. If the interest rate is 10.1% per annum, compounded annually, then the amount she will have in exactly 3 years is
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