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Pablos wants to save some money so that he can make a down payment of...

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Accounting

Pablos wants to save some money so that he can make a down payment of $3,000 on a car when he graduates from college four years from now. If he opens a savings account and earns 3% on his money, compounded annually, how much will he have to invest now?

a.$3,000

b.$2,910

c.$2,520

d.$2,664

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