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Stephen plans to purchase a car 3 years from now. The car will cost $55,542 at that time. Assume Stephen can earn 7.98% (compounded monthly)

Stephen plans to purchase a car 3 years from now. The car will cost $55,542 at that time. Assume Stephen can earn 7.98% (compounded monthly) on his money. How much should he set aside today for the pu...

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