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QUESTION
You want to purchase a new car in 4 years and expect the car to cost $66,000.Your bank offers a plan with a guaranteed APR of 5.5%if you make regular monthly deposits. How much should you deposit each
You want to purchase a new car in 4 years and expect the car to cost $66,000.
Your bank offers a plan with a guaranteed APR of 5.5%
if you make regular monthly deposits. How much should you deposit each month to end up with $66,000 in 4 years?
