Multiple Choice
A car's price is currently $20,000 and is expected to rise by 4% a year.If the interest rate is 6%,how much do you need to put aside today to buy the car one year from now?
A) $18,182
B) $19,231
C) $19,623
D) $4,080.08
Correct Answer:
Verified
Correct Answer:
Verified
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