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You would like to buy a new automobile. The car costs $50,000. If you can earn 9 percent, how much do you have to invest

You would like to buy a new automobile. The car costs $50,000. If you can earn 9 percent, how much do you have to invest today to buy the car in two years? Assume the price will stay the same over this time.

$33,667.20

$65,230.20

$42,084.00

$50,500.80

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