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You are graduating in two years and are planning to buy a new car to celebrate your achievement. You estimate the car will cost $68,500.

  1. You are graduating in two years and are planning to buy a new car to celebrate your achievement. You estimate the car will cost $68,500. You have $50,000 right now. If you invest that money at 9% CIA, will you have enough to buy the car? How much more or less will you have?

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