Find out the maximum she can spend on a car


Jennifer has just received the 15,981$ for a winning lottery ticket. She is just starting the college and when she graduates in four years she plans to take a European vacation trip to stop her development. She plans to buy a car now with some of her winnings and then deposit the rest in a 1.49% savings account to save for her European trip which she estimates will cost $13,636j. Find out the maximum she can spend on a car now and still have enough money for the trip when the time comes?

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Macroeconomics: Find out the maximum she can spend on a car
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