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You want to purchase a motorcycle 4 years from now, and you plan to save $3,800 per year, beginning immediately. You will make 4 deposits
You want to purchase a motorcycle 4 years from now, and you plan to save $3,800 per year, beginning immediately. You will make 4 deposits in an account that pays 6.7% interest. Under these assumptions, how much will you have 4 years from today?
a.$18,652b.$16,112c.$17,922d.$19,584e.$16,918Step by Step Solution
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