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How much should you deposit each month

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Reference no: EM132674556

You want to purchase a new car in 7 years and expect the car to cost ?$80,000. 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 ?$80,000 in 7 ?years?

You should invest ?how much each month?

Reference no: EM132674556

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