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You Are Saving Money to Buy a Car

Question 53

Multiple Choice

You are saving money to buy a car.If you save $300 per month starting one month from now at an interest rate of 4%,how much will you be able to spend on the car after saving for 4 years?


A) $41,778.96
B) $15,287.27
C) $15,587.88
D) $13,286.65
E) $15,939.84

Correct Answer:

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