Multiple Choice
Your family plans to spend $25,000 on a car for you upon graduation from college.If you will graduate in three years and your family can earn 3.125% annually on their investment,how much money must they set aside today for your car?
A) $23,243.66
B) $23,009.21
C) $22,795.45
D) $21,387.36
Correct Answer:
Verified
Correct Answer:
Verified
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