Multiple Choice
Your parents agree to pay half of the purchase price of a new car when you graduate from college. You will graduate and buy the car two years from now. You have $6,000 to invest today and can earn 10% on invested funds. If your parents match the amount of money you have in two years, what is the maximum you can spend on the new car?
A) $7,260
B) $11,948
C) $12,000
D) $13,250
E) $14,520
Correct Answer:
Verified
Correct Answer:
Verified
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