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Suppose you buy a new car right now with the total expense equals $29,000.00. How much would you have needed to invest 38 years ago

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Suppose you buy a new car right now with the total expense equals $29,000.00. How much would you have needed to invest 38 years ago in an account paying 3% compounded annually to cover this amount? Multiple Choice O $11,317.87 $10,374.71 $9,431,56 $7,545.25

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