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You want to have $31,664 in cash to buy a car in 4 years. You expect to earn 11.5% per year on your savings. If
You want to have $31,664 in cash to buy a car in 4 years. You expect to earn 11.5% per year on your savings. If you plan to invest $2,500 at the beginning of each year, how much additional money do you need to deposit today to be able to buy this car for cash? Enter your answer rounded to two decimal places.
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