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You Are Saving Money to Buy a Car

Question 46

Multiple Choice

You are saving money to buy a car. If you save $310 per month starting one month from now at an interest rate of 6%, how much will you be able to spend on the car after saving for 4 years?


A) $10,062.20
B) $20,124.40
C) $16,770.33
D) $23,478.46

Correct Answer:

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