Determine how much money you would have saved

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You want to be able to purchase a dream car for about $23,000 on January 1, 2018, just after you graduate from college. You have a part time job and started making deposits of $330 each month into an account that pays 6% compounded monthly beginning with the first deposit on February 1, 2013. The last deposit is to be made on January 1, 2018. Determine how much money you would have saved to buy the car. Will you be able to buy your dream car?

Reference no: EM13270071

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