You want to have 31664 in cash to buy a car in 4 years you


You want to have $31,664 in cash to buy a car in 4 years. You expect to earn 11.5% per year on your savings. How much do you need to deposit today if this is the only money you save for this purpose?

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Financial Management: You want to have 31664 in cash to buy a car in 4 years you
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