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Mathematics, 22.03.2022 14:00 sadielebaron

Your current car has quite a few miles on it and you think you will need to buy a new one in about 4 years. You would like to have approximately $20,000 saved by the time you need to buy the new car. Your bank offers you an account that grows at an APR of 4.5%. How much should you deposit each month so that you will have $20,000 saved after 4 years?

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