Question: A person with $14,000 is trying to decide whether to purchase a car now, or to invest the money at 6.5% compounded semiannually and then

A person with $14,000 is trying to decide whether to purchase a car now, or to invest the money at 6.5% compounded semiannually and then buy a more expensive car. How much will be available for the purchase of a car at the end of 3 years?

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