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You would like to buy a new car. You have $ 2 0 , 0 0 0 , but the car costs $ 3 8

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

20, 000,

but the car

costs $

38, 500 .

If you can earn

9 %

,

how much do you have to

invest today to buy the car in two years? Do you have enough?

Assume the price will stay the same. provide the answer without rounding off

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