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Assume you found an alternative investment that will help you save for the car that is riskier but it has a stated rate of 12% that compounds monthly to compensate you for the additional risk. You will need to invest [number 1] today in order to have $7,000 to buy the car at the end of year 3?

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M92020341

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