How much must set aside in savings account for the 3-months

Reference no: EM13303422

Martin pays rent of $500 per month for the 9-month acedemic year, he is going to travel the world this summer and won't be working. how much must he set aside in his savings account for the 3-month summer to cover his rent for the next year? the savings account earns 3% with monthly compounding?

Reference no: EM13303422

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