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An ambitious young graduate wants to purchase a BMW SUV in four years. The cost in four years will likely be $83,509.00. The graduate will try to save the entire price of the car and pay cash to the dealer. To save the money, the young graduate will save $10,512.00 per year. The graduate can earn 7.00% APR on his investments. How much MORE money will the graduate need in four years to buy his dream car?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92768891

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