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Karen Quigley is saving for new car. The car cost $22.000. How much must Karen invest in a savings account that pays 4% annually to
Karen Quigley is saving for new car. The car cost $22.000. How much must Karen invest in a savings account that pays 4% annually to have the $22.000 in three years? Round to the nearest dollar. (the table below may help you answer this question) Present Value Interest Factons Period 2% 4% 6% 8% 10% 12% 15% 20% 9804 9615 9434 9259 9298696 333 972 7561 6944 .9423 8890 8396 2938 .7S13 118 65S 5B7 4 9238 8548 7921 7350 6830 6355 57184823 5 9357 8319 473 6806 6209 567449 4019 6 8880 7903 050 6302 5645 506643233349 78706 7599 6651 S835 5132 45233759 2291 8535 7307 6274 5403 4665 403932692326 8363 7026 5919 5002 4241 3606 28431938 0 8203 656 5584 4632 38s5 3220 24721615 11 8043 646 5268 4289 35os 2875 2149 9346 12 788s 6246 4970 3971 3186 25671869 1122 13 7730 6006 4688 3677 28972292 1625 0935 14 7579 577S 4423 3405 2633 206 14130779 15 7430 5553 A173 3152 2394 1827 1229 0649 7284 5339 3936 2919 2176 1631 1069ose 2703 1978 1456 0929 0451 0876 19 6864 4746 3305 23171635 1161 0703 033 20 6730 A564 3118 2145 .1486 .0037 Desi, "a261 9612 9246 8900 B573 826479 8 17 7142 5134 3714 18 7002 936 3503 2502 1799 1300 0808 Select one A, $20,1 47 b. B. 519,107 C. $19,558 d.D. $19,328 e. E. None of the above
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