If you want to have $10 000 for a down payment on a new car in three years' time,assuming an interest rate of 4.5 percent compounded annually,how much money do you need to deposit as a lump sum today?
A)$8650
B)$8712
C)$8112
D)$8763

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The Answer of If you want to have $10 000 for a down payment on a new car in three years' time,assuming an interest rate of 4.5 percent compounded annually,how much money do you need to deposit as a lump sum today?
A)$8650
B)$8712
C)$8112
D)$8763

If You Want to Have $10 000 for a Down