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S You are saving for a new car. You place $23,700 into an investment account today. How much will you have after four years if

S You are saving for a new car. You place $23,700 into an investment account today. How much will you have after four years if the account earns (a) 2%, (b) 4%, or (c) 6% compounded annually? Note: Use tables, Excel, or a financial calculator. Round your answers to 2 decimal places. (FV of $1, PV of $1, FVA of $1, and PVA of $1) a b C Investment Amount $ 23,700 23,700 23,700 Interest Rate 2% 4% 6% Compounding Annually Annually Annually Period Invested 4 years 4 years 4 years Future Value

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