Yaroslava wants to save in order to buy a car, in 3 years, without taking out a

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Yaroslava wants to save in order to buy a car, in 3 years, without taking out a loan. She determines that she'll need \(\$ 35,500\) for the purchase. If she deposits money into an ordinary annuity that yields \(4.25 \%\) interest compounded monthly, how much will she need to deposit each month?

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