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You want to buy a new car 3 years from now, and you plan to save $5,000 per year, beginning today. You will deposit your
You want to buy a new car 3 years from now, and you plan to save $5,000 per year, beginning today. You will deposit your savings in an account that pays 8.8% interest. How much will you have 3 years from now? (Note: this is an annuity due problem.)
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$14,221.3
$15,169.2
$16,358.7
$17,798.3
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