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This deals with the time value of money. The question is .. I want to be able to buy a car with cash in 4

This deals with the time value of money. The question is ..

"I want to be able to buy a car with cash in 4 years. I have $10,000 that I can invest today. I can get a bond earning 3%. How much will I have for the purchase?"

I worked it out and got $28,561. I just don't know if that is right.

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