Savings account pays, After getting her first job, a

Savings account pays

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Reference no: EM13999441

After getting her first job, a college graduate wants to begin saving money so she can pay cash for a new car. She wants to save enough each month to have $24,000 at the end of 5 years, and her savings account pays 6% interest, compounded monthly. How much will she have to save each month to reach her goal? Express your answer in $ to the nearest whole $.

Reference no: EM13999441

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