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1 1 . $ _ _ _ _ _ _ _ _ _ You want to start saving now so you have cash to buy

11. $_________You want to start saving now so you have cash to buy a $40,000 car in four years. You
can earn 8% interest on your monthly payments. How much must you save each month to achieve your
$40,000 goal in 4 years (round to nearest dollar)?

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