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suppose you want to have exactly 28000 five years from today to buy car . you have mutual fund that earns 9% annual return a.

suppose you want to have exactly 28000 five years from today to buy car . you have mutual fund that earns 9% annual return a. suppose that a relative has offered to invest for you 4000 annualy for the next five years into your mutual fund with the first investment occuring todat, will you be able to purchase the 28000 car five years from today? b. considering the information from part a , suppose you wait to additional years to purchase the car ( same 28000 price ) if you do this how you will have in your mutual fund seven year from today?

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