Amy W.

asked • 24d

You want to purchase a new car in 3 years and expect the car to cost $30,000.

You want to purchase a new car in 3 years and expect the car to cost $30,000. Your bank offers a savings 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 $30,000 in 3 years?



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