How much must be deposited today in an account earning

Reference no: EM13297725

How much must be deposited today in an account earning 4% annually to accumulate a 15% down payment to use in purchasing a car one year from now, assuming that the car's current price is $30,000, and inflation will be 2%? A $4,327 B $4,545 C $4,413 D $4,351

Reference no: EM13297725

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