Assume that he can earn 732 compounded monthly on his money
Stephen plans to purchase a car in 5 years for now. The car will cost 32,000 at the time. Assume that he can earn 7.32% (compounded monthly) on his money. How much should he set aside today for the purchase?
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stephen plans to purchase a car in 5 years for now the car will cost 32000 at the time assume that he can earn 732
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