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Posted on Sep 29, 2024

You are planning to purchase a new car in 4 years and will need $ 5 0 , 0 0 0 for the down payment.

You are planning to purchase a new car in

4

years and will need $

50, 000

for the down payment.

You currently have $

35, 000

to invest. What APR must you earn to reach your $

50, 000

goal in

4

years?

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