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stephen plans to purchase a car two years from now. The car will cost $65,756 at that time. Assume that Stephn can earn 5.34% (compounded

stephen plans to purchase a car two years from now. The car will cost $65,756 at that time. Assume that Stephn can earn 5.34% (compounded monthly) on his money. How much should he set aside today for the purchase?

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