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You have a goal of buying a new car in 1 2 years. You estimate the car will cost you $ 4 5 , 0

You have a goal of buying a new car in 12 years. You estimate the car will cost you $45,000 at that time. If you could obtain a retum of 5.5 percent, how much would you need to invest annually to reach this goal?
2,746.32
5,874.36
6,741.69
4,698.25
3,185.25
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