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You currently have $4000 saved towards the purchase of a new car. You want to be able to buy a car for $15000 in 4

You currently have $4000 saved towards the purchase of a new car. You want to be able to buy a car for $15000 in 4 years. Your money is earning 5% compounded yearly. What is the size of your yearly deposit? A) $928.05

B) $2320.12 C) $2552.13 D) $2352.13 E) $2000.99 Answer: D

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