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Bradley snapp has deposited $7,000 in a guaranteed investment account with a promised rate of 6% compounded annually. he plans to leave it there for 4 full years when he will make a down payment on a car after graduation. how much of a down payment will he be able to make? select one: a. $1,960.00 b. $2,175.57 c. $8,960.00 d. $8,837.34 e. $9,175.57
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