You would like to buy a mercedes benz class a you have


You would like to buy a Mercedes Benz Class A. You have about $20,000 but the car costs $55,000. If you can earn 3% per annum, how much do you have to invest (today) to buy the car in 2 years? Assume the car price stays the same.

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Financial Management: You would like to buy a mercedes benz class a you have
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