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please instruct how to solve step by step with financial calculator You recently got promoted at your job. You have since decided to buy your
please instruct how to solve step by step with financial calculator
You recently got promoted at your job. You have since decided to buy your dream car and expect that it will cost you $120,000 seven years from today. After budgeting your expenses, you find you can start with $2000 today and decide that you can save $9,000 per year at the end of each year. Given a market interest rate of 13%, will you be able to purchase your car at the end of year 7? Would you be able to afford it one year later?
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