You want to have $37,000 in cash to buy a car 3 years from today....
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You want to have $37,000 in cash to buy a car 3 years from today. You expect to earn 3.40%, compounded annually, on your savings. How much do you need to deposit today if this is the only money you save for this purpose? $31,476.67 $34,511.68 $33,468.80 $32,469.94 $30,577.34
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