Home / Questions / Jack Robbins is saving for a new car. He needs to have $21,000 for the car in three years.
Jack Robbins is saving for a new car. He needs to have $21,000 for the car in three years. How much will he have to invest today in an account paying 8% annually to achieve his target? (Round to nearest dollar)
a) $26,454
b) 19,444
c) $22,680
d) $16,670
Dec 04 2019 View more View Less
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