Suppose you want to buy a car of $ 140,000 after 10 years. To buy...
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Finance
Suppose you want to buy a car of $ 140,000 after 10 years. To buy it, you will save equal amount of money from the end of this year. How much do you have to save per year? The annual interest rate is 5%
I.
$ 9,854.45
II.
$ 111,30.64
III.
$ 12,696.61
IV.
$ 233,743.5
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