Twenty years from now, you want to spend $175,000 for a fancy car. How much must...

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Twenty years from now, you want to spend $175,000 for a fancy car. How much must...

Twenty years from now, you want to spend $175,000 for a fancy car. How much must you deposit as a lump sum today to achieve this goal at an annual interest rate of 6.6 percent?

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Answer 1

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