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Mathematics, 01.06.2021 18:30 ayoismeisalex
Now say you invest the $6,500 and the highest interest rate you can find is 2.5% compounded annually, but you would have to leave the investment in the account for a minimum of 5 years. If you decide to wait 5 years to buy the car, how much more money will you have to save to buy a car at the $8,000 price?
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Now say you invest the $6,500 and the highest interest rate you can find is 2.5% compounded annually...
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