Assume that stephen can earn 369 percent compounded monthly, Financial Management

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Assume that stephen can earn 369 percent compounded monthly

Stephen plans to purchase a car 6 years from now. The car will cost $44,596 at that time. Assume that Stephen can earn 3.69 percent (compounded monthly) on his money. How much should he set aside today for the purchase?

Round the answer to two decimal places.

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Financial Management: Assume that stephen can earn 369 percent compounded monthly

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