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Type: Multiple-Choice
Category: Personal Finance
Level: Grade 12
Author: smarvin2
Last Modified: 7 years ago

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Personal Finance Question

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Grade 12 Personal Finance

Using the sinking fund approach, how much do you have to save each month to buy a $4,800 car one year from now?
  1. $400
  2. $300
  3. $275
  4. $500