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Posted on Aug 08, 2024

You would like to buy a new automobile. You have $ 3 0 , 0 0 0 , but the car costs $ 4 5

You would like to buy a new automobile. You have $

30, 000,

but the car costs $

45, 000 .

If you can earn

10

percent, do you have enough money to invest today to buy the car in three years assume the price stays the same?

Yes

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