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Mathematics, 23.09.2020 17:01 IdkHowToDoMath

You want to purchase a new car in 3 years and you anticipate the cost of the car to be $25,000. You are given an investment plan with a fixed APR of 5.3% if you make regular monthly deposits. How much should you deposit at the end of each month to reach your goal of $25,000 in 3 years?

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You want to purchase a new car in 3 years and you anticipate the cost of the car to be $25,000. You...
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