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Stephen plans to purchase a car 4 years from now. The car will cost $36,062 at that time. Assume that Stephen can earn 9.10 percent

Stephen plans to purchase a car 4 years from now. The car will cost $36,062 at that time. Assume that Stephen can earn 9.10 percent (compounded monthly) on his money. How much should he set aside today for the purchase?

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