You plan to pay $38,000 cash for the new truckyou want to
Chapter 3, Problem 3.70(choose chapter or problem)
You plan to pay $38,000 cash for the new truckyou want to buy 5 years from now. You are avery astute investor; all your money earns at20% per year. If you have already saved $9500,the amount your rich aunt has to give you 2years from now (as a graduation present) inorder for you to have the total amount of $38,000is closest to:(a)
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