Question: Ed Walker wants to save some money so that he can make a down payment of $ 3,000 on a car when he graduates from

Ed Walker wants to save some money so that he can make a down payment of $ 3,000 on a car when he graduates from college in four years.
Required:
If Ed opens a savings account and earns 3 percent on his money, compounded annually, how much will he have to invest now?

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