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Assume that carter can earn 409 percent compounded monthly

Carter plans to purchase a jet ski 6 years from now. The jet ski will cost $49683 at that time. Assume that Carter can earn 4.09 percent (compounded monthly) on his savings. How much should he set aside today for the purchase?

Round the answer to two decimal places.

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Finance Basics: Assume that carter can earn 409 percent compounded monthly

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