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Your favorite uncle gave you $10,000 (hes so proud that you started your graduate degree). You are going to take the money and put it

  1. Your favorite uncle gave you $10,000 (hes so proud that you started your graduate degree). You are going to take the money and put it in the bank to use as a down payment on a car that you will buy in 5 years. The bank will pay you 7% compounded annually. How much will you have in 5 years for your car purchase? (Must show work)

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