Question: Example 5 . 5 You know that you need to buy $ 4 0 0 in textbooks in one year. You can earn 7 %
Example You know that you need to buy $ in textbooks in one year. You can earn on an investment for one year. How much do you need to put up today to have enough for your textbooks?
Example You have $ but the car you want costs $ If you can earn how much do you have to invest today to buy the car in years assume price won't change Do have enough?
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