You are currently entering college and you want to buy your uncle's Mercedes when you graduate. He has promised to sell it to you for $18,000. How much will you have to deposit now, in an account earning 8%, to have enough money buy the car in 4 years?
A) $6,122
B) $4,500
C) $13,230
D) $3,060
Correct Answer:
Verified
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