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Suppose you buy a new car right now with the total expense equals $38,500.00. How much would you have needed to invest 35 years ago

Suppose you buy a new car right now with the total expense equals $38,500.00. How much would you have needed to invest 35 years ago in an account paying 10% compounded annually to cover this amount?

  • $1,643.99

  • $1,369.99

  • $1,095.99

  • $1,506.99

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