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Joe found a car he wants that costs $60,000. Joe is currently has $50,000 to invest into an account that pays 9 percent. Joe wants

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Joe found a car he wants that costs $60,000. Joe is currently has $50,000 to invest into an account that pays 9 percent. Joe wants to purchase this car for $60,000 in three years. Does Joe have enough money to invest now in order to purchase this car in three years? If so, how much does he need to invest today? If not, how much is he lacking? (Must show work)

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