Her grandmother would like to fund that purchase by making, Financial Management

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Her grandmother would like to fund that purchase by making

Jackie would like to buy a car when she graduates from college. Her grandmother would like to fund that purchase by making a single deposit today into an account earning 5.0% per year. How much would grandma need to deposit in order for Jackie to be able to purchase a $30,000 car upon her graduation four years from today?

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