Stephen plans to purchase a car in 5 years for now. The car will cost 32,000 at the time. Assume that he can earn 7.32% (compounded monthly) on his money. How much should he set aside today for the purchase?

January 4, 2018 | Author: deanjhonson | Category: Books - Non-fiction

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Stephen plans to purchase a car in 5 years for now. The car will cost 32,000 at the time. Assume that he can earn 7.32% ...

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