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You would like to purchase a new car one year from now year

You would like to purchase a new car one year from now. Year one payment is 6000, second year payment is 6600, third year is 7250 and fourth is 8100. If you want to have the cash in the bank today to pay for this, assuming an interest rate of 5%, how much should be placed into the account.

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Finance Basics: You would like to purchase a new car one year from now year

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