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Invest today to buy the car in two years

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Reference no: EM131693664

You would like to buy a new car. You have about $50 000 but the car costs $68 500. If you can earn 9 percent how much do you have to invest today to buy the car in two years?

Reference no: EM131693664

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Invest today to buy the car in two years : You have about $50 000 but the car costs $68 500. If you can earn 9 percent how much do you have to invest today to buy the car in two years?
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