Gary kiraly wants to buy a new italian sports car in three, Ask an Expert

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Gary Kiraly wants to buy a new Italian sports car in three years. The vehicle is expected to cost $80,000 at that time. If Gary should be so lucky as to find an investment yielding 12% over that three-year period, how much would he have to invest now in order to accumulate $80,000 at the end of the three years?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M962666

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