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You plan on purchasing a new car in 9 months. The cost of the car in 9 months will be $25,127. How much would you

You plan on purchasing a new car in 9 months. The cost of the car in 9 months will be $25,127. How much would you have to invest today to exactly pay for the new car if you investments earn 4.86% APR (compounded monthly)?

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