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  • 09-01-2024
  • Business
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You wish to buy a car in six years. You find an account that pays 8% compounded semi-annually. At the end of the six years, you want to purchase a $45,000 car. How much must you deposit today?
a) $29,238.25
b) $26,842.13
c) $28,617.39
d) $30,105.67

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