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View Policies Current Attempt in Progress Carol wants to buy a car when she graduates from Central University 4 years from now. She believes
View Policies Current Attempt in Progress Carol wants to buy a car when she graduates from Central University 4 years from now. She believes that she will need $29,800 to buy the car. Click here to view the factor table. (a) Calculate how much money Carol must put into her savings account today to have $29,800 in 4 years, assuming she can earn 10% compounded annually. (For calculation purposes, use 4 decimal places as displayed in the factor table provided and round final answer to 0 decimal place, e.g. 58,975.) Amount $ (b) Calculate how much money Carol must put into her savings account today to have $29,800 in 4 years, assuming she can earn 10% compounded semiannually. (For calculation purposes, use 4 decimal places as displayed in the factor table provided and round final answer to O decimal place, eg 58,975.) Amount $ eTextbook and Medla Save for Later Attempts: 0 of 3 used Submit Answer
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