How much should she set aside today for the purchase

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Reference no: EM13890175

Three years from now, Barb will purchase a laptop that will cost 2,250. Assume that Barb can earn 6.25% (compounded monthly) on her money. How much should she set aside today for the purchase? Round off to the nearest $10.

A. 1250

B. 900

C. 1866

D. 3775

Reference no: EM13890175

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