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( LYou want to buy a certain vehicle when you retire five years from now. The vehicle costs $ 5 0 , 0 0 0

(LYou want to buy a certain vehicle when you retire five years from now. The vehicle costs $50,000 today and inflation is at.4% per year. What do you need to put into an account today to have enough funds to purchase the vehicle five years from now if the account earns 7% per year?

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