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Max wants to buy a new car in 10 years and estimates that he will need $25,000 to purchase the vehicle of his choice. How
Max wants to buy a new car in 10 years and estimates that he will need $25,000 to purchase the vehicle of his choice. How much will he have to save annually given that he is in the 25% tax bracket and estimates to earn 6.0% in the market?
A) $1,917 B) $2,745 C) $1,864 D) $2,034 E) $2,304
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