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Kayla hopes to purchase a new car in five years. If she deposits $10,000 today in an account that pays 7% compounded monthly, how
Kayla hopes to purchase a new car in five years. If she deposits $10,000 today in an account that pays 7% compounded monthly, how much will she be able to spend on the new car in five years? nxm FV = PV x (1 + )" TIL O $14,025.52 $10,700.00 O $14,147.78 O $14,176.25 $14,859.48
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Personal Finance
Authors: Jeff Madura, Hardeep Singh Gill
4th Canadian edition
134724712, 134724713, 9780134779782 , 978-0134724713
