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Hi can someone help me understand this question? Thank you Suppose you want to save in order to purchase a new car. Take the APR

Hi can someone help me understand this question? Thank you

Suppose you want to save in order to purchase a new car. Take the APR to be 4.8%. If you deposit $300 each month, how much will you have toward the purchase of a car after two years? (Round your answer to the nearest cent.)

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