An engineer wants to save to buy a new car with cash three, Ask an Expert

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An engineer wants to save to buy a new car with cash three years from now. She expects the car to cost $28,000. If her bank pays 12% interest compounded quarterly, what is the minimum she needs to invest quarterly to ensure she has the funds to purchase the car in three years?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92352374

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