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21-12-2022
Business

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Mark knows that he will need to buy a new car in 5 years. the car will cost $15,000 by then. how much should he invest now at 8%, compounded quarterly, so that he will have enough to buy a new car?
a. $9452.54 c
b. $12,328.91
c. $11,025.45
d. $10,094.57

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