e CA Jeraud plans to purchase a vehicle 3 years from now. He anticipates the vehicle...

 

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e CA Jeraud plans to purchase a vehicle 3 years from now. He anticipates the vehicle will cost $20,000 at the time of purchase. Assuming Jeraud can eam an average annual rate of return of 5.5%, how much should Jeraud invest today to ensure he will have the necessary funds available to purchase the vehicle in 3 years? 24 Oa) Ob) $16,299 $17,032 $17,969 Od) $18,957 18888 e CA Jeraud plans to purchase a vehicle 3 years from now. He anticipates the vehicle will cost $20,000 at the time of purchase. Assuming Jeraud can eam an average annual rate of return of 5.5%, how much should Jeraud invest today to ensure he will have the necessary funds available to purchase the vehicle in 3 years? 24 Oa) Ob) $16,299 $17,032 $17,969 Od) $18,957 18888