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Marco is looking to buy a used motorcycle and is looking at one in particular that is priced at $5,000 today, but expects with inflation

Marco is looking to buy a used motorcycle and is looking at one in particular that is priced at $5,000 today, but expects with inflation that the price will increase at the rate of inflation of 2 % per annum. If Marco decides to buy the motorcycle 5 years from today, how much should he set aside now, if he can earn 6%, compounded monthly? Question 6Select one: a. $5,520 b. $3,708 c. $5,629 d. $4,093

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