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Let's suppose you want to buy a $195,000 Ferrari. You believe your investment fund can earn 8.4% per year. How much do you need to

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Let's suppose you want to buy a $195,000 Ferrari. You believe your investment fund can earn 8.4% per year. How much do you need to deposit in the fund today in order buy this car in 9 years? (assume the price of the car remains constant) $106,671.68 $113,780.63 $110,873.98 $101,348.71 $109,452.54 OOO

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