Lennox currently is paying $300 a month for his car insurance. His insurance agent recommends he install

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Lennox currently is paying $300 a month for his car insurance. His insurance agent recommends he install a device that monitors his driving and sends the info to the insurer. He can potentially save up to 30 percent if his monitored reports are good. How much can Lennox potentially save in two years for his vacation fund now if he can earn 6 percent APR compounded monthly in an investment?

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Personal Finance

ISBN: 9781259650659

7th Canadian Edition

Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Arshad Ahmad, Jordan Fortino

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