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QUESTION 25 You need $30,000 in cash to buy a car 4 years from today. You expect to earn 12 percent, compounded annually, on your

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QUESTION 25 You need $30,000 in cash to buy a car 4 years from today. You expect to earn 12 percent, compounded annually, on your savings. How much do you need to deposit today if this is the only money you save for this purpose? $21,387.34 $20,418.43 $19,065.54 o $22,938.31

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