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Suppose that you want to purchase a car in two years. You expect that you will need to have $5,000 at that time to use

Suppose that you want to purchase a car in two years. You expect that you will need to have $5,000 at that time to use as a down payment. If you can purchase a two-year certificate of deposit (CD) that pays 5% per year, how much will you need to invest today in order to meet your goal

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