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Lorie Reilly decides to go back to college For transportation, she borrows money from her parents to buy a small car for $7200 She plans to repay the loan in 7 months What amount can she deposit

Lorie Reilly decides to go back to college. For transportation, she borrows money from her parents to buy a small car for $7,200. She plans to repay the loan in 7 months. What amount can she deposit today at 5.25% to have enough to pay off the loan?

Apr 03 2020 View more View Less

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