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  1. #1
    candy g's Avatar
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    Gary Kiraly wants to buy a new Italian sports car in three years. The

    vehicle is expected to cost $80,000.....? ..........at that time. If Gary should be so lucky as to find an investment yielding 12% over that three-year period, how much would he have to invest now in order to accumulate $80,000 at the end of the three years?

    Is the answer 8000 x .712 = 56,960 ?????

  2. #2
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    Yes it is.

 

 

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