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Gracie Shay Wants to Buy a New Hummer in Six

Question 48

Multiple Choice

Gracie Shay wants to buy a new Hummer in six years. Gracie estimates the cost of the Hummer will be $35,000. If she invests $22,000 now at a rate of 6% compounded quarterly, she:


A) Will have enough money
B) Will have exactly $32,000
C) Will have $33,450
D) Will have $31,449
E) None of these

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