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Ralph wants to save some money so that he can make a down payment of $7,500 on a car when he graduates from college 4

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Ralph wants to save some money so that he can make a down payment of $7,500 on a car when he graduates from college 4 years from now. If he opens a savings account and earns 8% on his money, compounded quarterly, how much will he have to invest now? A. $5,460 B. $5,513 C.2,190 D. $6,930 E. $7,500

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